The Following Is a Binomial Probability Distribution with N =

question 10

Multiple Choice

The following is a binomial probability distribution with n = 3 and π = 0.20. The variance of the distribution is ________.

• A)1.5
• B)3.0
• C)0.69
• D)0.48

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Definitions:

Managed Care Program

A healthcare delivery system aimed at managing cost, quality, and utilization of services by providing comprehensive care through a network of providers.

Diagnosis-Related Group (DRG)

A system to classify hospital cases into groups for the purposes of payment and evaluation.

Medicare

A federal government program in the United States that provides health insurance to people over 65 and to certain younger people with disabilities.

Reimbursed

Compensated or paid back for expenses or losses incurred, often used in the context of healthcare costs or business expenses.