Examlex
If your insurance company agrees to pay a fixed fee for you to receive a given treatment (for example,$5,000 for an appendectomy) ,the company is using which of the following?
Exponential Distribution
A model used in statistics to describe the times between events in processes where events occur independently and at a constant rate.
L.L.Bean
An American retail company that specializes in clothing and outdoor recreation equipment.
Exponentially Distributed
describes a continuous probability distribution often used to model the time between independent events that happen at a constant average rate.
Standard Deviation
A measure of the dispersion or spread of a set of numbers, indicating how much each number differs from the mean.
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