Suppose you want to compare the mean size of healthcare claims submitted by five groups of policy ho
Question: Suppose you want to compare the mean size of healthcare claims submitted by five groups of policy holders. Ten claims are randomly selected from amongst existing claims of each of five groups. The data is shown in the following table:
Table
Insurance Claims Submitted by Five Health Insurance Companies
Group 1 ($) | Group 2 ($) | Group 3 ($) | Group 4 ($) | Group 5 ($) |
763 | 1335 | 596 | 3742 | 1632 |
4365 | 1262 | 1448 | 1833 | 5078 |
2144 | 217 | 1183 | 375 | 3010 |
1998 | 4100 | 3200 | 2010 | 671 |
5412 | 2948 | 630 | 743 | 2145 |
957 | 3210 | 942 | 867 | 4063 |
1286 | 867 | 1285 | 1233 | 1232 |
311 | 3744 | 128 | 1072 | 1456 |
863 | 1635 | 844 | 3105 | 2735 |
1499 | 643 | 1683 | 1767 | 767 |
Does the data contained in the five samples provide sufficient evidence to indicate a difference in the mean levels of insurance claims among the five healthcare groups? Justify your response.
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Solution: The downloadable solution consists of 4 pages
Deliverable: Word Document![](/images/msword.png)
Deliverable: Word Document
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