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An auditor for a medical insurance company selects a random sample of prescription drug claims for evaluation of correct payment by company experts.
An auditor for a medical insurance company selects a random sample of prescription drug claims for evaluation of correct payment by company experts. The claims were selected at random from a database of 500,000 claims by using uniform random numbers between 1 and 500,000. To verify that the random numbers really were from a uniform distribution, the auditor calculated the mean and standard deviation of the random numbers. What should the mean and standard deviation be if these were uniformly distributed random integers?Need to find Mean and Standard Deviation?
