subject
Business, 23.04.2020 16:18 hcpscyruscm

A company, United Consumers, is considering the option of replacing its employer provided insurance plan with what is known as Consumer Directed Health Plan (CDHP). Under this new plan, the company would provide its employees with a sum of money so that the employees can purchase their health plan form the online marketplace. This plan is based on the belief that employees tend to behave more responsibly if they have to spend their own money as consumers. According to a recent study, a market research firm found that generally 41% of the employees (who had the option to choose HDHP) chose HDHP as their choice over their traditional employer sponsored plan. The company, United Consumers, employs 290 people. In order to find out the acceptance of CDHP among its employees, a random sample of 40 employees was selected. Compute the following based on this information:

a. What is the probability that 18 or more employees from this sample chose CDHP as their choice?b. What is the probability that between 17 and 22 employees from this sample chose CDHP as their choice?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 11:40
On january 1, 2017, sophie's sunlounge owned 4 tanning beds valued at $20,000. during 2017, sophie's bought 3 new beds at a total cost of $14 comma 000, and at the end of the year the market value of all of sophie's beds was $24 comma 000. what was sophie's net investment
Answers: 3
question
Business, 22.06.2019 18:00
Bond j has a coupon rate of 6 percent and bond k has a coupon rate of 12 percent. both bonds have 14 years to maturity, make semiannual payments, and have a ytm of 9 percent. a. if interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?
Answers: 2
question
Business, 22.06.2019 18:00
If you would like to ask a question you will have to spend some points
Answers: 1
question
Business, 22.06.2019 18:50
Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?
Answers: 3
You know the right answer?
A company, United Consumers, is considering the option of replacing its employer provided insurance...
Questions
question
Mathematics, 01.12.2020 05:20
question
Mathematics, 01.12.2020 05:20
question
Social Studies, 01.12.2020 05:20
question
Mathematics, 01.12.2020 05:20