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- About political science 001 asp ASAP plsWhat does the term “variance analysis mean when applied of financial performance of health care organizations?ADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them. What will happen to the costs of the health insurance if only the older, sicker peopleenroll?
- When it comes to making suggestions, does Porter's published work incorporate any particular types of data?Explain what multicollinearity . What are the main problems that multicollinearity creates for OLS estimation results ? Give two ways to detect multicollinearity problem and the hypothesis that are tested ?11) Model A is superior to model B if A) it contains more real world detail than model B. B) it contains fewer unrealistic assumptions than model B. C) its predictions correspond more closely to the facts than the predictions of model B. D) it is preferred by a majority of researchers in a public opinion poll. E) it is scientifically "elegant." 12) In choosing among alternative models, economists generally have the strongest preference for models that A) have assumptions that are close to exact replicas of reality. B) are detailed and complex, with every available fact and figure included. C) have few assumptions and are as simple as possible, even if they cannot predict very well. D) predict better than any other that is available. E) have assumptions that are complicated. 13) A normative statement is a statement regarding A) what is usually the case. B) the assumptions of an economic model. C) what ought to be. D)…
- 2. For this question use the HUI3 scoring system for the health utilities index. Assume a patient has a baseline HUI3 state of (2,2,1,4,1,3,2,4) and a 1-year follow-up HUI3 health state of (2,2,1,3,2,1,2,2) after participating in a RCT. How many QALYs does this person gain in the first year after treatment? a. Use the information from above to answer the following questions. Suppose the cost of treatment was $20,000 and the average person lived an additional 10 years. What is the cost per QALY gained for the treatment (using discounted QALYS)? Does the treatment appear cost-effective? Explain.mj subject-EcconomicsA government study found that people who eat chocolate frequently weighless than people who don’t. Researchers questioned 1000 individuals fromCalifornia between the ages of 20 and 85 about their eating habits, andmeasured their weight and height. On average, participants ate chocolatetwice a week and had a body mass index (BMI) of 28. There was anobserved difference of five to seven pounds in weight between those whoate chocolate five times a week and those who did not eat any chocolate atall, with the chocolate eaters weighing less on average. Frequent chocolateeaters also consumed more calories, on average, than people who consumedless chocolate. Based on this summary, would you recommend thatAmerican’s who do not presently eat chocolate, consider eating chocolateup to five times a week if they want to lose weight? Why or why not?Explain.
- What is the supportive explanation that shows lockdown is the best decision have been made compared to not lockdown due to Covid-19 pandemic? Is there any contigency plans for lockdown need to be placed?acc27 Which scientific method of research would be used if a college student running for student body president was trying to determine whether to emphasize campus security, improved parking facilities, or increased health services in their campaign? Select one: a. naturalistic observation b. a survey c. an experiment d. a case study