Eight Health Maintenance Organizations (HMOs) Presented Group Health Insurance Plans

question 1

Multiple Choice

Eight health maintenance organizations (HMOs) presented group health insurance plans to a company. The monthly rates per employee were $430, $398, $405, $387, $424, $353, $410 and $435. Calculate the mean and the median monthly rates for these eight companies.

• A) Mean: $410.25; median: $410.50
• B) Mean: $407.25; median: $408.50
• C) Mean: $405.25; median: $407.50
• D) Mean: $404.25; median: $409.50
• E) Mean: $408.25; median: $406.50

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