[See] A billing company that collects bills for doctor’s offices in the area is concerned that the percentage of bills being paid by Medicare has risen.
Question: A billing company that collects bills for doctor’s offices in the area is concerned that the percentage of bills being paid by Medicare has risen. Historically that percentage has been 31%. An examination of 8368 recent bills reveals that 32% of these bills are being paid by Medicare. Is this evidence of a change in the percentage of bills being paid by Medicare.
- Write appropriate hypothesis
- Check the assumptions and conditions
- Perform the test and find the P-value
- State your conclusion
- Do you think this difference is meaningful? Explain.
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