Essay on "Health Stats Healthcare Premium Increases"
Essay 1 pages (403 words) Sources: 3 Style: APA
[EXCERPT] . . . .
Determining what percentage of individuals would remain with their current health plan with a selected premium increase -- or selecting a premium increase so as to maintain a specific desired level of retention -- involves the z-score and a greater use of the known features of the normal distribution. For a one-sided ninety percent confidence interval -- leaving a tail of ten percent at the left of the distribution -- the corresponding z-score is approximately -1.29, meaning the line would need to be drawn 1.29 standard deviations to the left of the mean in order to retain ninety percent of the population. In monetary terms in this case, the premium increase would have to be lowered from the mean by 1.29 x $10.05 or $12.96, meaning a premium increase of $47.23 - $12.96 or $34.27 should retain ninety percent of all current insurance members.References
Johnson, R. &…
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Quoted Instructions for "Health Stats Healthcare Premium Increases" Assignment:
“ndividual Assignment: Decision of Uncertainty Paper
I would use Poisson distributions as a choice option from the Road map. • Resource: Week Four Student Roadmap • Identify a health care organization that must make a decision. • Identify what decision must be made and whether or not to pursue a course of action given the likelihood of different outcomes. • Locate data and apply probability concepts, such as confidence intervals, point estimates, or Poisson distribution, to recommend a decision. • Refer to the Student Roadmap for an example.
• Include appropriate probability concepts and your application of them to find resulting data to limit the uncertainty in this decision.
• Identify each discrete outcome from your statistical analysis, providing rationale for each. • Identify tradeoffs between accuracy and precision required by various probability concepts and the effect on your data.
How to Reference "Health Stats Healthcare Premium Increases" Essay in a Bibliography
“Health Stats Healthcare Premium Increases.” A1-TermPaper.com, 2012, https://www.a1-termpaper.com/topics/essay/health-stats-healthcare-premium-increases/9627608. Accessed 4 Oct 2024.
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