Dataset ex0407 is available here. Medicare’s new medical plans offer a wide range of variations

Dataset ex0407 is available here.

Medicare's new medical plans offer a wide range of variations and choices for seniors when picking a drug plan (San Luis Obispo Tribune, November 25, 2005). The monthly cost for a stand-alone drug plan can vary from a low of $1.87 in Montana, Wyoming, North Dakota, South Dakota, Nebraska, Minnesota and Iowa to a high of $104.89. Here are the lowest and highest monthly premiums for stand-alone Medicare drug plans for each state in the table.

 

(c) What is the mean of the minimum cost of all states beginning with the letter “M”? (Round the answer to four decimal places.)

$ =

State

$ Low

$ High

State

$ Low

$ High

State

$ Low

$ High

Alabama

14.08

69.98

Maryland

6.48

68.91

South Carolina

16.57

69.72

Alaska

20.05

61.93

Massachusetts

7.36

65.58

South Dakota

1.87

99.90

Arizona

6.14

64.86

Michigan

13.75

65.69

Tennessee

14.08

69.98

Arkansas

10.31

67.98

Minnesota

1.87

99.90

Texas

10.31

68.41

California

5.41

66.08

Mississippi

11.60

70.59

Utah

6.33

68.88

Colorado

8.62

65.88

Missouri

10.27

68.26

Vermont

7.32

65.58

Connecticut

7.32

65.58

Montana

1.87

99.90

Virginia

8.81

68.61

Delaware

6.44

68.91

Nebraska

1.87

99.90

Washington

6.93

64.99

District of Columbia

6.44

68.91

Nevada

6.42

64.63

West Virginia

10.14

68.61

Florida

10.35

104.89

New Hampshire

19.60

65.39

Wisconsin

11.42

63.23

Georgia

17.91

73.17

New Jersey

4.43

66.53

Wyoming

1.87

99.90

Hawaii

17.18

64.43

New Mexico

10.65

62.38

 

Idaho

6.33

68.88

New York

4.10

85.02

Illinois

13.32

65.04

North Carolina

13.27

65.03

Indiana

12.30

70.72

North Dakota

1.87

99.90

Iowa

1.87

99.90

Ohio

14.43

68.05

Kansas

9.48

67.88

Oklahoma

10.07

70.79

Kentucky

12.30

70.72

Oregon

6.93

64.99

Louisiana

17.06

70.59

Pennsylvania

10.14

68.61

Maine

19.40

65.39

Rhode Island

7.32

65.58                  

 

 

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