Physicians a Random Sample of 200 Physicians Shows That There

question 13

Essay

Physicians
A random sample of 200 physicians shows that there are 36 of them who make at least $400,000 a year. ​ ​
-{Physicians Narrative} Can we conclude at the 1% significance level that the true proportion of physicians in the population who make at least $400,000 a year is less than 0.24?

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Definitions:

Length of Stay

refers to the duration of time an individual spends in a single place or institution, such as a hospital or hotel.

Hospitalization

The process or fact of being admitted to a hospital for treatment, care, or observation.

Histograms

Graphical representations of data distribution where data is grouped into ranges (bins) and illustrated with bars, showing the frequency of data within each range.

Childbirth

The act or process of giving birth to babies; childbearing.