Health Insurers and the Federal Government Are Both Putting Pressure

question 63

Multiple Choice

Health insurers and the federal government are both putting pressure on hospitals to shorten the average length of stay (LOS) of their patients.In 1996,the average LOS for non-heart patients was 4.6 days.A random sample of 20 hospitals in one state had a mean LOS for non-heart patients in 2000 of 3.8 days and a standard deviation of 1.2 days.Calculate a 95 percent confidence interval for the population mean LOS for non-heart patients in these hospitals in 2000.

• A)[3.24,4.36]
• B)[3.67,3.93]
• C)[3.34,4.26]
• D)[3.38,4.22]
• E)[3.27,4.33]

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Definitions:

Fundamental Breach

A severe violation of a contract that permits the aggrieved party to terminate the agreement and potentially seek damages.

Exemption Clause

Language within a contract designed to protect a party by restricting certain legal claims or liabilities.

Mitigate Loss

Actions taken to reduce the severity, seriousness, or painfulness of something, often used in the context of economics or law.

Contract Frustration

A legal concept whereby a contract is terminated because an unforeseen event has rendered contractual obligations impossible to perform.