Review the following articles given under your week 2 Articles - Electronic Reserve Readings link, and write a short synopsis of the main points and learning takeaways. In your response, refer to your Seward text readings for week 2, to support your analysis. (Article for this question is attached to this posting part 1 and part 2)
The online company Chandler Body Shop has a goal of processing 95% of its orders on the same day they are received. If 485 out of the next 500 orders are processed on the same day, would this prove they are exceeding their goal, using alpha = .025? Is this a close decision?
The IRS reviewed 25 health insurance claims from a particular small business, determining the out-of-pocket patient billing above the reimbursed amount was $275.66 with a standard deviation of $78.11.
(a) At the 5 % level of significance, does the sample prove a violation of the guideline that the average patient should pay no more than $250 out of pocket? State your hypothesis and decision rule.
(b) Is this a close decision?
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The solution is meant for guidance and ...
DQ 1 - Approx 400 words and 3 references
DQ 2 - Approx 120 words
DQ 3 Approx 100 words