5.15: Medical billing errors and fraud are on the rise.
According to one study, 4 out of 5 times, the medical bills
received by patients are not right. Using binomial distribution,
answer the following scenarios and show your work. Round to the
fourth decimal.
1.) If a sample of 11 medical bills is selected, what is
the probability that exactly 0 bills will contain errors?
2.) If a sample of 11 medical bills is selected, what is the
probability that exactly 6 bills will contain errors?
3.) If a sample of 11 medical bills is selected, what is
the probability that MORE than 4 bills contain errors?
4.) What are the mean and standard deviation of the probability
distribution?