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What is Confidence Intervals for Claim Payments about?

An auditor analyzed a random sample of 200 health insurance claims to estimate the proportion paid within 2 months. The sample found 80 paid within 2 months, yielding a point estimate of 0.4 and 99% confidence interval of (0.31077, 0.48922). As this is below the target of 90%, the auditor should report the company

Author

Hồng Hà

Language

EN