If a Person Has a Deductible of $300 and Must

question 11

Multiple Choice

If a person has a deductible of $300 and must pay $400 out of a $1,300 health care expense in a year, then their co-payment rate is

• A)5%.
• B)10%.
• C)20%.
• D)50%.

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Definitions:

Sampling Distribution

The probability distribution of a statistic based on a large number of samples or replicates.

Independent Samples

Two or more groups of data that are collected from unrelated or non-paired subjects.

Population Means

The average value of a particular characteristic across the entire population.

State Supported Facilities

Institutions or properties that receive financial support from a government entity to carry out certain functions or services.