Health insurers are beginning to offer telemedicine, Ask an Expert

Economics

Health insurers are beginning to offer telemedicine services online that replace the common office visit. Well point provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments (Bloomberg Business week (March 4 – March 9, 2014). Well point claims that users of its Live Health Online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by Well point. Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings for a televisit to the doctor as opposed to an office visit (to 2 decimals). 95% confidence interval: $______ to $_______per visit

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725664

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