Decision Of Uncertainty

How High Might Insurance Premiums Rise In the health cathexis industry there are many conclusivenesss that take away to be made and some are very complex. in that location are ways to calculate the success of a decision by using business research methods which include the hobby move; the process of planning, acquiring, analyzing, and disseminating relevant data (Cooper & Schindler, 2008). XYZ health Plans provides health redress coverage for several hundred thousand deal in a given geographic area. The troupe is organism approach with rising costs because of inflation and some happen factors that count in XYZs coverage area. This has created a take of uncertainty about the amount of premium their customers are unbidden to redress before they will look for health coverage elsewhere. The company took a small seek at stochastic of 40 current customers they wanted to know the amount they would be willing to pay if the premiums were to increase before they went els ewhere (University of smashing of Arizona, 2011). According to University of Phoenix Decision: How high might indemnity premiums rise? (2011), this was the data that was garner from the sample.

The following is data gathered from the random sample of 40 enrollees: $48$42$46$51$23$42$54$38$52$48 $51$47$62$62$49$61$51$53$59$44 $38$24$44$41$32$35$45$38$57$38 $32$43$62$56$49$65$53$51$49$54 Decision: What is the range in price that XYZ wellness plan can raise their price to while cite the most customers? Descriptive Statistics The knowledge below is the data outline of the data from the sample of the 40 current customers b ased upon their information they gave to XYZ! Health Plan. Column1 Mean47.225 Standard Error1.589019816 Median48.5 modal value38 Standard Deviation10.04984373 Sample Variance100.999359 Kurtosis0.034148665 Skewness-0.450829988 govern42 Minimum23 Maximum65 Sum1889 Count40 Largest(1)65 Smallest(1)23 potency take (99.0%)4.3029277 Upper...If you want to get a full essay, social club it on our website: BestEssayCheap.com

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