Ep1(90 + 1) (iii) Epo(9o + 91) Χ 100 Ep1 V9091 (iv) Epo vg091 Χ 100
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- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?A certain organization is deciding between increasing salaries according to the previous year's CPI or receiving a year-end bonus of $150,000. Last year's CPI was 1.64%. a.- If a person receives a salary of $800,000, which alternative seems better? b.- If a person receives a salary of $500,000, which alternative seems better?Compute the following correct to the nearest whole number: a. If 7 out of 10 patients admitted to the hospital are discharged in 3 days or less, how many out of 13,554 recorded admissions exceeded a stay of 3 days? admissions b. A hospital discharged 3,520 patients in January. If 5% developed a hospital-based infection, how many were affected? patients c. A hospital reported 126,778 discharges during the past year. If 35% of these patients were seen in consultation, how many of the discharged patients were seen by a consultant? patients
- In part B, how was 0.5 obtained?A manufacturer of exercise equipment knows that 15% of their products aredefective. They also know that only 35% of their customers will actually use the equipment in the first year after it is purchased. If there is a one-year warranty on the equipment, what proportion of the customers will actually make a valid warranty claim?To determine the effectiveness of an oil additive, a testing firm purchased two cars of the same make, year, and model, and drove each a distance of 30,000 miles using the same kind of gasoline, the same kind of oil, the same driver, under the same road conditions. The oil in one engine included the additive, whereas the oil in the other engine did not. At the end of the test, the engines of both cars were dismantled, and it was found that the engine that contained the additive had less wear. The testing firm concluded that the oil additive caused the reduced wear.
- A iPhone store starts by selling 100 iPhone pre-ordered in week zero and expects to sell an average of 15%more each week after that. How many iPhone is the store expected to sell in week 4?Suppose a company charges a premium of $150 per year for an insurance policy for storm damage to roofs. Actuarial studies show that in case of a storm, the insurance company will pay out an average of $8000 for damage to a composition shingle roof and an average of $12,000 for damage to a shake roof. They also determine that out of every 10,000 policies, there are 7 claims per year made on composition shingle roofs and 11 claims per year made on shake roofs. What is the company’s expected value (i.e., expected profit) per year of a storm insurance policy? What annual profit can the company expect if it issues 1000 such policies? Determine the probability of a composition shingle roof claim out of 10,000 = ______ Determine the probability of a shake roof claim out of 10,000 = ______ How many claims are made out of 10,000? = _______ What is the probability of no claims out of 10,000? = _______ How much does each shingle roof claim cost the company, don’t forget each person pays $150…in a certain city, 60% of the heads of household own the house in which they reside, and 80% of the heads of the household have full-time employment when considering what percentage of heads of household both own their home and have a full-time job, a student estimates that 48% of heads of household fit both requirements, stating that (0.60) (0.80)=0.48. is this student correct in his approach?