The Department of Health in Western Australia Wanted to Study

question 16

Short Answer

The Department of Health in Western Australia wanted to study malpractice litigation in Western Australia.A sample of 31,000 medical records was drawn from a population of 850,000 patients who were discharged during the year 2011.The proportion of malpractice claims filed from the sample of 31,000 patients is a_________.

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Definitions:

Mean Rate

This reflects the average rate over a specified time period, often used in financial contexts to denote average return or interest rate.

Annual Dividend

This is the total amount of dividends a company pays out to its shareholders over a fiscal year, usually expressed on a per share basis.

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or investment returns around their mean.