Question 2 [3]: Suppose the population is comprised of 3 types of people with the following health care spending habits: Group Number Health Care Spending A. 1,000 1,000 1,000 500 5,000 10,000 C Part A: What is the expected health care spending per year for this population? Part B: Suppose we introduce a managed care option. Uptake of managed care is given by the table below. What is the average health care spending for people who do not switch to managed care? The number who do switch? Group Number Not Switching Number Switching to Managed Care 500 500 B 750 250 900 100
Q: Question 2. product. The following represents the probability distribution of the daily demand of a…
A: Given that Demand 0 10 20 30 Probability a 0.4 0.2 0.3
Q: QUESTION 2 The annual interest rate for bank deposits in Euros is 0.025 while that on US dollar…
A: The answer to the above questions is as follows :
Q: four groups of individuals: (1) keto diet (2) gym (3) no exercise; and (4) Intermittent. The data…
A: *Answer:
Q: Question 3 Suppose the total income of individuals is made up of three random components: income…
A: There are 3 types of income. X = income from work Y = income from assets T = income from non-assets…
Q: Question 4 Consider a birth death model with birth rates A, in states n = 0, 1, ... and death rates…
A: Consider a birth death model with birth rates, lambda in states n = 0, 1,... and death rates mu in…
Q: [Question 19 The common stock of DEE Bhd. has a beta of 1.24 and an actual expected return of 13.25…
A: As per CAPM ,Expected return = Risk free return + (Market return-Risk free return )*Beta…
Q: Question 2 In a city, according to a 1990 demographic report based on the census result, the average…
A: Given: The average daily spending on food per person is $75 (μ0). Let n be the sample number of…
Q: Question 5: A department store prints scratch-and-save discount coupons to distribute to its…
A: E[x] =∑xp(x)
Q: At the 5% significance level, determine if the model is useful for predicting the number of weekly…
A: In order to solve this question use Excel. Step.1 Enter data in excel sheet. Step.2 Go to 'Data'…
Q: Question 2 Calculate the approximate proportion of house prices that fall between $1,000,000 and…
A: We have to find given proportion.
Q: The average age in a sample of 190 students at City College is 22. As a result of this sample, it…
A: From the given information we choose correct option.
Q: QUESTION 7 For a randomly selected policyholder, let X = the number of months between successive…
A: Given that Cumulative distribution function of X P(a≤X≤b)=P(X≤b)-P(X≤a)
Q: Question 1b The St. Lucian Government is interested in predicting the number of weekly riders on the…
A: Given Information: Consider the given data: Number of weekly riders (y) Price per week The…
Q: Problem 1: The following three figures show simulated sample paths of stochastic processes: s00 3…
A: As due to the honor-code, we are authorized to answer only 1 question and that you haven't…
Q: Question 11 The following is a payoff table giving profits for various situations. State 1 State 2…
A:
Q: Questions 15-18 use the following information. Suppose in a sample of 5 men that their monthly…
A: Solution: Given information: k= 2 independent variables n= 5 observation.
Q: A clinical trial is run to investigate the effectiveness of an experimental drug in reducing preterm…
A: Given data of a clinical trail which investigates the effectiveness of an experimental drug in…
Q: Question 27 The owner of a small business is considering three options: buying a computer, leasing a…
A:
Q: Question 2: A taxicab company operates one vehicle during the 9:00 A.M. to 5:00 P.M. period. The…
A:
Q: Question 2 Smoking and Birth Status Again Full-Term PreMature Row Summary Non-Smoker (N) 4036 365…
A:
Q: Question 2: Two opposing provincial members of parliament are debating the merits of increasing…
A: linear regression
Q: Question 2) Suppose that there are two assets with ĩ = 0.15, ĩ, = 0.17, 0̟= 0.23, 02 = 0.20, and 012…
A: Given data,r1=0.15r2=0.17σ1=0.23σ2=0.20σ12=0.02w1=0.20w2-0.80
Q: QUESTION 6 Health insurers are beginning to offer telemedicine services online that replace the…
A: 6) Step-by-step procedure to obtain the mean and the standard deviation using Excel is given below:…
Q: Question Three Below are the prices and quantities of a group of items purchased by a typical urban…
A:
Q: Question 3 A study was conducted to determine the differences in the average weight loss of four…
A:
Q: QUESTION 34 Consider the data below. Suppose that in the aerobic exercise group we also measured the…
A: Hey there! Thank you for posting the question. Since there are multiple questions posted, we will…
Q: Question 4: The following data includes the year, make, model, mileage (in thousands of miles) and…
A:
Q: Question 4 Consider a birth death model with birth rates A, in states n 0, 1,... and death rates 4,…
A: As mentioned, we have provided answer for question (a) only. Consider a birth death model with birth…
Q: Question 1 Consider the following shipments made in the last nine months: Month Cases Shipped 1 128…
A: From the given information, the weighting factors of 0.85 for the period t-1 and 0.15 for period…
Q: Question 2 National Electronics Company buys parts from two subsidiaries. The quality control…
A: Chi square χ2 test: Chi square χ2 good ness of fit test is used to determine proportion in each…
Q: Answer 74 and 75 without software
A: In this case, the chi-square goodness of fit test is appropriate.The null and alternative hypotheses…
Q: Question 8 A firm uses trend projection and seasonal factors to simulate sales for a given time…
A: Given: Total number of outputs, N=10. If the sales fall, output will be "0". If the sales are…
Q: Question 3 A study was conducted to determine the differences in the average weight loss of four…
A: ANOVA study is an appropriate test to determine the difference in averages of more than two groups.…
Q: Question 3 A study was conducted to determine the differences in the average weight loss of four…
A: INTRODUCTION: ANOVA: As the word ANOVA may be suggest that, it is the analysis of variance, i.e.…
Q: The management of ‘Fun Land’ studied the waiting times for Dogging Car by children in waiting area…
A: 1. Class Interval Frequency 9-14 7 15-20 10 21-26 12 27-32 12 33-38 9 Total 50
Q: QUESTION 10 According to Table 1, is treatment type significantly associated with abstinence from…
A: Note that in this question, the treatment type is not significantly associated with abstinence from…
Q: Question# 3: Consumption of Natural Gas: Following data represents the energy consumption of natural…
A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…
Q: Question 9 If a process mean shifts, and the probability it will be detected on the next sample is…
A: As per our guidelines, we are allowed to answer first question only. Thanks Q-9) Given probability…
Q: Question 2: A. A table of joint probabilities is shown below. A1 A2 Аз B1 0.15 0.25 0.20 B2 0.10…
A: Note:According to Bartleby Expert guidelines, we can answer only first three subparts of a question…
Q: Question 30 Suppose that there is a 1.1% chance a planet will develop life, a 2.2% chance that the…
A: 1.1% Planet will develop life 2.2% life will evolve the complex organism 7.3% advanced…
Q: a. If you are a LaPlace decision maker, which option would you choose? b. If you are a Hurwicz…
A: *As per battle policy for multipart questions gives the maximum of 3 but I have done five, need…
Q: QUESTION 3 A manager wishes to simulate 10 days of operation of an inventory system. The beginning…
A:
Q: QUESTION 2 Exhibit 5-1 The following represents the probability distribution for the daily demand of…
A:
Q: QUESTION 2 Banila Co. selected 1,000 young adults at random and surveyed them to determine a…
A: Probability is defined as the total number of favorable cases of an event divided by the total…
Q: QUESTION 4 Guinea pig survival times: Here are the survival times (in days) of 32 guinea pigs after…
A: We want to find the 5 number summary Minimum, Q1,Q2,Q3, maximum.
Q: QUESTION 6 Two machines of the same type are used to produce an item. Machine 1 produces 5%…
A:
Q: Question 2: A risk averse agent, whose utility is given by u(r) = In(r) and his wealth is 50, 000 is…
A: Given: Utility function of risk averse agent is u(x)=ln(x) and wealth is 50,000 is faced with a…
Q: Question 22 In a linear regression model, the error term ɛ is assumed to be a random variable with a…
A: Solution
Q: Question.9. From the following information, ascertain which project is more Project A Project B Cash…
A:
Q: QUESTION FIVE: a) Explain in general the importance of measures of central tendency, measures of…
A: Given information: Viewing Time (Minutes) Number of residents 300 to 399 14 400 to 499 46…
![Question 2 [3]: Suppose the population is comprised of 3 types of people with the following
health care spending habits:
Group
Number
Health Care Spending
1,000
500
1,000
1,000
5,000
10,000
Part A: What is the expected health care spending per year for this population?
Part B: Suppose we introduce a managed care option. Uptake of managed care is given by the
table below. What is the average health care spending for people who do not switch to
managed care? The number who do switch?
Number Not Switching
Number Switching to
Managed Care
Group
A.
500
500
Bi
750
250
C
900
100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0c52e3cf-1b00-434a-b164-4867378082fa%2Ff76f5d00-d3f9-456d-8aa7-de1346b95d5f%2Fgn6ly38_processed.jpeg&w=3840&q=75)
Step by step
Solved in 2 steps with 2 images
- Question 3 Consider a medieval Italian merchant who is a risk averse expected utility maximiser. Their wealth will be equal to y if their ship returns safely from Asia loaded with the finest silk. If the ship sinks, their income will be y − L. The chance of a safe return is 50%. Now suppose that there are two identical merchants, A and B, who are both risk averse expected utility maximisers with utility of income given by u(y) = ln y. The income of each merchant will be 8 if their own ship returns and 2 if it sinks. As previously, the probability of a safe return is 50% for each ship. However, with probability p ≤ 1/2 both ships will return safely. With the same probability p both will sink. Finally, with the remaining probability, only one ship will return safely. (iv) Compute the increase in the utility of each merchant that they could achieve from pooling their incomes (as a function of p). How does the benefit of pooling depend on the probability p? Explain intuitively why this…Question 2: Assume that the risk-free rate, RF, is currently 8%, the market return, RM, is 12%, and asset A has a beta, of 1.10. (could be done on word document or excel). Assume that as a result of recent events, investors have become more risk averse, causing the market return to rise by 2%, to be14%. Ignoring the shift in part c, draw the new SML on the same set of axes that you used before, and calculate and show the new required return for asset A. From the previous changes, what conclusions can be drawn about the impact of (1) decreased inflationary expectations and (2) increased risk aversion on the required returns of risky assets?Question 1 The average age in a sample of 190 students at City College is 22. As a result of this sample, it can be concluded that the average age of all the students at City College Question 1 options: must be more than 22, since the population is always larger than the sample is 22 since the sample mean is an unbiased estimator of the population mean could be larger, smaller, or equal to 22 must be less than 22, since the sample is only a part of the population
- QUESTION 5 A country club wants to exam the effects of a new marketing campaign that attempts to get more people within the community to become members. In many communities, when people buy a house in the area, they receive a “Welcome Wagon” gift basket containing coupons to local restaurants. The idea of the marketing campaign is to include a free two month membership to the country club in the gift basket with the hope that once “new” residents try the country club then at least a certain proportion will want to become real members. One member of the Club’s Executive Council believes that at least 80% of the people who receive the coupons for the free membership will use the coupon. In a sample of 197 new residents who received the coupon for the two month free membership, there were 136 people who actually took advantage of the free two month membership. When testing the hypothesis that at least 80% of the people that receive the coupon actually use it, what is the test statistic?…Question 3 Hermie's average 5-day natural gas usage rate is 5.9Therms5days . What are her 1-day, and 8-day, natural gas usage rates? 1.18Therms1day,7.375Therms8days 0.7375Therms1day,9.44Therms8days 1.18Therms1day,9.44Therms8days 0.7375Therms1day,7.375Therms8daysQuestion 2 A researcher is proposing that exercise makes a person more energized as a result they require less sleep. He carries out a survey on the number of hours of exercise per week and the average hours of sleep needed per night in order to feel well rested. The results are shown on page 2 for the 8 participants. Average hours of sleep needed/night 4 5.2 2 3.4 8 10 1.5 6 Hours of exercise/week 8.6 8.1 9 8.5 7.4 6.8 9.4 7.7 Sketch a scatter plot for the data, is the relationship linear? What is the correlation between the two variables? Calculate the coefficient of determination and explain.
- question 10 Advertising You are the marketing director for a company that manufactures bodybuilding supplements and you are planning to run ads in Magazine A and Magazine B. Based on readership data, you estimate that each one-page ad in Magazine A will be read by 575,000 people in your target group, while each one-page ad in Magazine B will be read by 275,000 people in your target group. You would like your ads to be read by at least 5 million people in the target group, and, to ensure the broadest possible audience, you would like to place at least four full-page ads in each magazine during the year. Draw the feasible region showing how many pages you can purchase in each magazine. Find the corner points of the region. (Place Magazine A on the x-axis and Magazine B on the y-axis.) Find the corner points of the region. (Order your answers from smallest to largest x, then from smallest to largest y. If an answer does not exist, enter DNE. Round each coordinate to the nearest whole…[Question 19 The common stock of DEE Bhd. has a beta of 1.24 and an actual expected return of 13.25 percent. The risk-free rate of return is 3.7 percent and the market rate of return is 11.78 percent. Which one of the following statements is TRUE given this information? Select one: A. The stock has less systematic risk than the overall market. B. The actual expected stock return will graph above the security market line. C. The stock is currently underpriced. D. The actual expected stock return indicates the stock is currently overpriced.Question 23: The National Institute of Mental Health published an article stating that in any one-year period, approximately 9% of American adults suffer from depression or a depressive illness. Suppose that in a survey of 2000 people in a certain city, 10% of them suffered from depression or a depressive illness. Conduct a hypothesis test to determine if the true proportion of people in that city suffering from depression or a depressive illness is more than the 9% in the general adult American population. Test the relevant hypotheses using a 10% level of significance. Give answer to at least 4 decimal places. What are the correct hypotheses? (Select the correct symbols and use decimal values not percentages.) H0: H1: Based on the hypotheses, find the following: Test Statistic = p-value = Based on the above we choose to The correct summary would be: that the true proportion of people in that city suffering from depression or a…
- Question 4 A country club wants to exam the effects of a new marketing campaign that attempts to get more people within the community to become members. In many communities, when people buy a house in the area, they receive a “Welcome Wagon” gift basket containing coupons to local restaurants. The idea of the marketing campaign is to include a free two month membership to the country club in the gift basket with the hope that once “new” residents try the country club then at least a certain proportion will want to become real members. One member of the Club’s Executive Council believes that at least 25% of the people who receive the coupons for the free membership will use the coupon. When testing the hypothesis that at least 25% of the people who receive the coupons for the free membership will use the coupon, what is the null and alternative hypothesis?Question 2 A study was conducted on 108 individuals to determine if their attraction to a prospective partner is impacted by the physical appearance of the individual. This study was conducted on individuals who were single, dating or married. The prospecting individuals are classified as Muscular, Average and Overweight. The ratings are provided below (the higher the ratings the more attracted an individual is): Single Dating Married Muscular 10.00 9.00 1.00 5.00 1.00 5.00 9.00 4.00 3.00 2.00 9.00 7.00 8.00 2.00 1.00 4.00 3.00 7.00 9.00 7.00 9.00 1.00 6.00 1.00 8.00 5.00 7.00 10.00 2.00 8.00 10.00 5.00 4.00 2.00 3.00 8.00 Average 9.00 8.00 5.00 5.00 5.00 1.00 7.00 7.00 6.00 10.00 10.00 3.00 3.00 1.00 8.00 10.00 10.00 3.00 4.00 10.00 5.00 1.00 3.00…Problem#1: On the desk of an office of a Banking Company, the arrivals of the customers follow poisson law and an average at every 10 minutes a customer arrives. The officer responsible takes on an average 6 minutes to serve a customer, assuming the exponentially distributed. Find out the average arrival rates for(a) 1 hour(b) 15 minutes(c) 8 hours