1. The cost of a treatment per patient for a certain medical problem was modeled by one insurance company as a Normal distribution with mean $125 and standard deviation of $6.50.(a) What is the 70th percentile of the distribution of costs?(b) What is the probability that at least 2 out of 5 randomly selected people in the study will pay more than the amount found in part (a)?(c) What is the probability that a randomly selected sample of 5 patients will have a mean cost of at least $130?
Finding the probability
Plagiarism-free and delivered on time!
We are passionate about delivering quality essays.
Our writers know how to write on any topic and subject area while meeting all of your specific requirements.
Unlike most other services, we will do a free revision if you need us to make corrections even after delivery.