Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Mean as well as standard deviation using uniform distribution

An auditor for a medical insurance company chooses a random sample of prescription drug claims for valuation of correct payment by company experts. The claims were chosen at random from a database of 677100 claims by using uniform random numbers between 1 as well as 677,100. To confirm that the random numbers really were from a uniform distribution the auditor computed the mean and standard deviation of the random numbers. What must the mean and standard deviation be if these were uniformly distributed random integers?

Mean

Standard deviation

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M921211

Have any Question? 


Related Questions in Statistics and Probability

To test the model you will make 5 trades using 5 different

To test the model, you will make 5 trades using 5 different sets of data. You may define the parameters of the put call parity or use the following assumption for the parameters: Interest rate is 5%Transaction costs for ...

Linear regression and the fitting-lineexercise 1 the

Linear Regression and the "fitting-line" Exercise 1: The following table shows how many weeks six persons have worked at an automobile inspection station and the number of cars each one inspected between 3 p.m. and 5 p.m ...

A random sample of the price of gasoline from 40 gas

A random sample of the price of gasoline from 40 gas stations in a region gives the statistics below. Complete parts a) and b). ybar = $3.79, s = $0.27 a) Find a 95% confidence interval for the mean price of regular gaso ...

Suppose we would like to determine if the typical amount

Suppose we would like to determine if the typical amount spent per customer for dinner at a new restaurant in town is more than $20.00. A sample of 49 customers over a three-week period was randomly selected and the aver ...

1 how do mixed expericorr designs differ from other

1. How do mixed/ expericorr designs differ from other experimental designs? 2. Distinguish between an independent variable and a subject variable.

Under what conditions is a grouped frequency distribution

Under what conditions is a grouped frequency distribution more useful as a means of describing a set of scores than a simple frequency distribution? Why do researchers often add relative frequencies to their tables?

1 under what conditions is the median a more meaningful

1. Under what conditions is the median a more meaningful measure of central tendency than the mean? 2. Why do researchers prefer the standard deviation as a measure of variability over the range?

Marjorie bought a home with an adjustable-rate mortgage the

Marjorie bought a home with an adjustable-rate mortgage. The margin on an adjustable-rate mortgage is 2.5% and the rate cap is 7% over the life of the loan. If the current index rate is 5.9%, what is the calculated inter ...

Describe the collapse of the soviet union begin with the

Describe the collapse of the Soviet Union. Begin with the events during the 1980s including the entire Gorbachev era. Should include at least the following topics: 1. Poland's democratic revolution of the 1980s 2. Gorbac ...

Assume that population means are to be estimated from the

Assume that population means are to be estimated from the samples described. Use the sample results to approximate the margin of error and 95% confidence interval. Sample size equals=6464, sample mean equals=8282, sample ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen