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.



Price: $2.99
Solution: The downloadable solution consists of 4 pages
Deliverable: Word Document

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