Decision Of Uncertainty

How High Might curative Premiums Rise In the health billing industry there atomic number 18 many decisions that need to be made and some argon very complex. There are ways to calculate the winner of a decision by using business query methods which include the pursual go forward; the process of planning, acquiring, analyzing, and disseminating relevant information (Cooper & Schindler, 2008). XYZ health Plans provides health indemnity reporting for several nose locoweeddy thousand people in a given geographic area. The troupe is being draw near with rising costs because of splashiness and some risk factors that think in XYZs coverage area. This has created a level of doubt about the amount of subvention their customers are unbidden to redress onward they will savour for health coverage elsewhere. The confederacy took a small taste at haphazard of 40 current customers they indispensablenessed to recognise the amount they would be free to pay if the premiums were to increase before they went elsewhere (University of capital of Arizona, 2011). consort to University of Phoenix determination: How highschool might insurance premiums shew? (2011), this was the data that was gathered from the prototype.

The following is data gathered from the random sample of 40 enrollees: $48$42$46$51$23$42$54$38$52$48 $51$47$62$62$49$61$51$53$59$44 $38$24$44$41$32$35$45$38$57$38 $32$43$62$56$49$65$53$51$49$54 Decision: What is the range in value that XYZ Health plan can raise their price to speckle charge the most customers? descriptive Statistics The knowledge below is the data synopsis of the information from the sample of the 40 current customers found upon their information they gave to XYZ Health Plan. Column1 Mean47.225 measurement Error1.589019816 Median48.5 modal value38 Standard Deviation10.04984373 precedent Variance100.999359 Kurtosis0.034148665 Skewness-0.450829988 govern42 Minimum23 Maximum65 Sum1889 Count40 Largest(1)65 Smallest(1)23 Confidence take (99.0%)4.3029277 Upper...If you want to get a encompassing essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.