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Unformatted text preview: Week 4: Hypothesis Testing I: Basics and Confidence Intervals - Discussion This week's graded topics relate to the following Terminal Course Objectives (TCOs): C Given a managerial problem and accompanying data set, for which application of a confidence interval is appropriate, construct an interval, assess its validity, and use the confidence interval in developing a course of action relative to a problem. F Students should be able to perform the necessary calculations for objectives A through E using technology, whether that is a computer statistical package or the TI-83, and be able to use the output to address a problem at hand. Click on the links in the "Topics" section to view the discussion topics. Then, click "Respond" to add your thoughts to the discussion thread. Topics Topic Case: Statistics in Action: Medicare Fraud Investigations (graded) Q & A Forum (not graded) Case: Statistics in Action: Medicare Fraud Investigations (graded) Read the selection in your textbook pertaining to the Case: Statistics in Action: Medicare Fraud Investigations; load the data set for the case, MCFRAUD, into Minitab; answer the question about the case in the Discussion area; and likewise read and respond to the follow-on selections in the textbook for the case in the Statistics in Action Revisited. What is a point estimate of the mean overpayment? This section lists options that can be used to view responses. Collapse All Print View Show Options Responses Responses are listed below in the following order: response, author and the date and time the response is posted. Sort by Response Sort by Author Sort by Date/Time* Statistics in Action Frederick Badio 11/19/2013 7:08:48 AM A point estimate of the mean overpayment involves providing statistical estimate and sampling of a parameter of a population to use for reliable data. An estimate of 10 claims of a population would be sufficient and precise to estimate a given mean of 100. The important implication is determining a good guess about the average representation of the entire population. RE: Statistics in Action Margaret Gotora 11/22/2013 11:10:31 AM The point estimate of the mean overpayment is $22 The sample data is below for those that need it, had a hard time finding it....
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- Fall '13