Ask Experts Questions for FREE Help !
Ask
    zooplankton's Avatar
    zooplankton Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 11, 2007, 12:59 PM
    statistics probability
    I'm new to statistics and have a simple probability problem:

    The probabilities associated with the expected principal source of payment for hospital discharges in the United States in the year 1990 are listed below:

    Principal Source of Payment Probability

    Private Insurance 0.387
    Medicare 0.345
    Medicaid 0.116
    Other govt. program 0.033
    Self-payment 0.058
    Other/No charge 0.028
    Not stated 0.033

    total: 1.000

    a). What is the probability that the principal source of payment for a given hospital discharge is the patient’s private insurance (0.387)?
    b). What is the probability that the principal source of payment is medicare (0.345), medicaid (0.116) or some other govt. program (0.033)?
    c). Given that the probability source of payment is a government program what is the probability that it is Medicare (0.345)?
    galactus's Avatar
    galactus Posts: 2,271, Reputation: 282
    Ultra Member
     
    #2

    Feb 11, 2007, 01:36 PM
    Quote Originally Posted by zooplankton
    I'm new to statistics and have a simple probability problem:

    The probabilities associated with the expected principal source of payment for hospital discharges in the United States in the year 1990 are listed below:

    Principal Source of Payment Probability

    Private Insurance 0.387
    Medicare 0.345
    Medicaid 0.116
    Other govt. program 0.033
    Self-payment 0.058
    Other/No charge 0.028
    Not stated 0.033

    total: 1.000

    a). What is the probability that the principal source of payment for a given hospital discharge is the patient’s private insurance (0.387)?
    b). What is the probability that the principal source of payment is medicare (0.345), medicaid (0.116) or some other govt. program (0.033)?
    c). given that the probability source of payment is a government program what is the probability that it is Medicare (0.345)?
    b): They what to know the probability of medicare, medicaid, or some other gov;t program, not each probability individually. Add them up.

    c): What is the probability that it's Medicare given they pay with a gov't program. What's the total proabilities of the gov't programs? Medicaid, medicare, other.

    You know, what you could do is make a chart with assumed numbers. Say, a total of 1000 participants.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Statistics and Joint Probability [ 6 Answers ]

A mortgage company has found that 2% of its mortgage holders default on their mortgage and lose their property. Furthermore, 90% of those who default are late on at least two monthly payments over the life of the mortgage as compared to 45% of those who do not default. 1.) What is the joint...

Statistics [ 1 Answers ]

Having a problem with a question in stat class. Here it goes: a lab reports the mean of three(3) weighings. The mean is 123mg and the standard deviation is 0.08mg? What is the distribution of this mean? And what is the probability that the lab reports a weight of 124mg or higher? Any help would be...


View more questions Search