What is the average cost of the procedure, Basic Statistics

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What is the average cost of the procedure

The cost of a medical procedure is normally distributed with a standard deviation of $10,000. Upon investigation, it was found that 82 percent of the patients requiring this procedure paid no more than $31,000. What is the average cost of this procedure?

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Basic Statistics: What is the average cost of the procedure

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Basic Statistics: What is the average cost of the procedure

Reference No:- TGS0102876

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : What is the cost of preferred stock

Q : By how much will porker''s income change

Q : Deteremine the failure rate for light bulbs were tested

Q : What will be the issuance price (approximate) of the bonds

Q : What is the average cost of the procedure

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Q : Calculate the total cost and per unit cost of job 80

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: What is the average cost of the procedure

Reference No:- TGS0102876

Recent Questions Asked Basic Statistics

Q : What is the cost of preferred stock

Q : By how much will porker''s income change

Q : Deteremine the failure rate for light bulbs were tested

Q : What will be the issuance price (approximate) of the bonds

Q : What is the average cost of the procedure

Q : What is the value of the unlevered firm

Q : What effect would this have on the investment account

Q : Identify decision variables-objective function-constraints

Q : Calculate the total cost and per unit cost of job 80

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