Examlex
Match the type of insurance claim with the correct description.
-A Medicare claim that contains complete, necessary information but is illogical or incorrect.
Addition Law
A probability law used to compute the probability of the union of two events. It is P(A ∙ B) = P(A) + P(B) − P(A ∩ B). For mutually exclusive events, P(A ∩ B) = 0; in this case the addition law reduces to P(A ∙ B) = P(A) + P(B).
Probability
The evaluation of how likely it is for an event to happen.
Independent Events
Two or more events where the occurrence of one does not affect the probability of the others occurring.
Conditional Probability
The probability of an event given that another event already occurred. The conditional probability of A given B is P(A ∣ B) = P(A ∩ B)/P(B).
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