Trading Partner Agreements Are Important Because They

question 2

Multiple Choice

Trading Partner agreements are important because they

• A) allow the partners to set up their own arrangement for electronic claims.
• B) restrict the partners from setting up their own arrangements for electronic claims.
• C) permit each partner to change the manner in which their claim is submitted.
• D) are regulated by the federal government to see that all partners agree.

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Definitions:

Standard Deviation

A measure of variability that shows the spread or dispersion of a set of data points.

Mean

A statistical measure referring to the average value in a set of numbers, calculated by dividing the sum of all values by the number of values.

Range

In statistics, the difference between the highest and lowest scores in a distribution, indicating dispersion or variability.

Inferential Statistic

A set of methods used to make inferences or predictions about a larger population based on data collected from a smaller sample.