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Why is strategic competency important?
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- Cholesterol Cholesterol in human blood is necessary, but too much can lead to health problems. There are three main types of cholesterol: HDL (high-density lipoproteins), LDL (low-density lipoproteins), and VLDL (very low-density lipoproteins). HDL is considered “good” cholesterol; LDL and VLDL are considered “bad” cholesterol. A standard fasting cholesterol blood test measures total cholesterol, HDL cholesterol, and triglycerides. These numbers are used to estimate LDL and VLDL, which are difficult to measure directly. Your doctor recommends that your combined LDL/VLDL cholesterol level be less than 130 milligrams per deciliter, your HDL cholesterol level be at least 60 milligrams per deciliter, and your total cholesterol level be no more than 200 milligrams per deciliter. (a) Write a system of linear inequalities for the recommended cholesterol levels. Let x represent the HDL cholesterol level, and let y represent the combined LDL VLDL cholesterol level. (b) Graph the system of inequalities from part (a). Label any vertices of the solution region. (c) Is the following set of cholesterol levels within the recommendations? Explain. LDL/VLDL: 120 milligrams per deciliter HDL: 90 milligrams per deciliter Total: 210 milligrams per deciliter (d) Give an example of cholesterol levels in which the LDL/VLDL cholesterol level is too high but the HDL cholesterol level is acceptable. (e) Another recommendation is that the ratio of total cholesterol to HDL cholesterol be less than 4 (that is, less than 4 to 1). Identify a point in the solution region from part (b) that meets this recommendation, and explain why it meets the recommendation.Why is BioStatistics a basic foundation in decision-making?Why is Biostatistics an integral part of the basic foundation in decision making?
- what is the blocking variable?Is it possible to have several dependent variables in a model? Are several variables possible in a decision-making problem? Which model—descriptive, predictive, or prescriptive—of a particular choice issue would you be most likely to employ if it were offered to you? Why? Give an example of a well-known corporate, political, or military leader who made a choice that either had a positive or negative impact. What distinguishes a computer model from a spreadsheet model?Explain how Matont Carlo Simulation is helpful in decision making.
- What does degrees of freedom for degree of freedom for interaction reflects?What is price discrimination? Under what conditions are firms able to exercise price discrimination? Are consumers better off or worse off when they face a price discriminating monopolist rather than a simple monopolist? Why?What is a dummy variable trap and how is it related to multicollinearity of regressors? What is the solution for this form of multicollinearity?
