One of the reasons health care costs have been rising rapidly in recent years is the increasing cost of malpractice Insu

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One Of The Reasons Health Care Costs Have Been Rising Rapidly In Recent Years Is The Increasing Cost Of Malpractice Insu 1 (39.07 KiB) Viewed 24 times

One Of The Reasons Health Care Costs Have Been Rising Rapidly In Recent Years Is The Increasing Cost Of Malpractice Insu 2 (39.18 KiB) Viewed 24 times

One of the reasons health care costs have been rising rapidly in recent years is the increasing cost of malpractice Insurance for physicians. Also, fear of being sued causes doctors to run more precautionary tests (possibly unnecessary) just to make sure they are not guilty of missing something. These precautionary tests also add to health care costs. Data in the Excel Online le provided below are consistent with findings in the Reader's Digest article and can be used to estimate the proportion of physicians over the age of 55 who have been sued at least once. Construct a spreadsheet to answer the following questions X Open spreadsheet a. Formulate hypotheses that can be used to see if these data can support a finding that more than half of physicians over the age of 55 have been sued at least once H: PE 0.50 H:p> 0.50 b. Use the Excel Online file provided above to compute the sample proportion of physicians over the age of 5s who have been sued at least once (to 2 decimals). 50 Calculate the value of the test statistic (to 2 decimals) What is the p-value (to 4 decimal places)? Do not round intermediate calculations c. At a=0.01, what is your conclusion? Since p-value aga=0.01, we fail to moject H. We conclude that we have intuicient physicians over the age of 55 who have been sued at least once is greater than 50. evidence to suggest that the proportion of .

B Formulas Sample Size 150 #N/A #N/A #N/A Have you been sued 1 by a patient? 2 No 3 Yes 4 Yes 5 No 6 Yos 7 Yes 8 Yes 9 Yes 10 Yes 11 No 12 No 13 Yes 14 15 Yes 16 Yes 17 Yes 18 Yes 19 Yes 0.50 #N/A Number of People Who Answeed "Yes" Number of People Who Answered "No" Sample Proportion (2 decimals) Hypothesized Population Proportion Test Statistic (2 decimals) P-value (4 decimals) Level of Significance (Alpha) Reject Null Hypothesis? Can one conclude that the proportion of physicians over the age of 55 who have been sued at least once is greater than No #N/A 0.01 #N/A 502 #NA 20 21 22 23 24 25 26 No Yes No Yes No Yes Yes HI Data