You are given the following situations: (I) A whole life insurance policy is calculated using Canadian male smoker mortality rates and i = 3.5%, with death benefit $100,000 (II) A whole life insurance policy is calculated using Canadian male non-smoker mortality rates and i = 3.5%, with death benefit $100,000 (III) A whole life insurance policy is calculated using i = 5% and the 2017 CSO table, with death benefit $100,000 (IV) A whole life insurance policy is calculated using i=7% and the 2017 CSO table, with death benefit $100,000 With respect to the net single premium, which of the following statement is true? A. NSPI > NSPII and NSPIII > NSP¡v B. NSPI < NSPI and NSPII NSPI and NSP NSP¡y
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- Which of the following is FALSE regarding scenario and sensitivity analysis? Scenario analysis considers a best case (within reason) and worst case (within reason) scenario, along with a base case. Scenario analysis focuses on stand-alone risk, since it doesnt;s consider the project as a part of the larger firm. Sensitivity analysis considers that the project is one part of a larger firm Sensitivity analysis shows how changes in a single variable affects NPV or IRR Scenario analysis assumes all variables take their worst (reasonable) values simultaneously, and best (reasonable) values simultaneously.It is well established that indoor air quality (IAQ) has a significant effect on general health and productivity of employees at a workplace. A study showed that enhancing IAQ by increasing the building ventilation from 5 cfm (cubic feet per minute) to 20 cfm increased the productivity by 0.25 percent, valued at $90 per person per year, and decreased the respiratory illnesses by 10 percent for an average annual savings of $39 per person while increasing the annual energy consumption by $6 and the equipment cost by about $4 per person per year (ASHRAE Journal, December 1998). For a workplace with 120 employees, determine the net monetary benefit of installing an enhanced IAQ system to the employer per year.This is not a writing assignment, this is a multiple-choice ques Of the statements below regarding China's Belt and Road Initiative (BRI) all are correct EXCEPT for this one. Please identify the INCORRECT STATEMENT and mark it as your correct answer choice. Group of answer choices With the Belt and Road Initiative China makes available funds to less developed economies for infrastructural purposes. These funds are gifts that do not have to be repaid, and they are interest-free. Moreover, China makes these gifts with only the best interest of the recipient economy in focus and does not expect or receive anything in return for these funds. The Belt and Road Initiative loans extended by China are welcomed by many the leaders of less developed economies because they are easier to get than the World Bank infrastructure loans, require no accountability regarding how the funds are used and are accompanied by generous bribes for the leaders of these economies. With the Belt and Road…
- Consider two treatments. Treatment 1 saves six years of quality adjusted life at a cost of $90,000. Treatment 2 saves three years of quality adjusted life at a cost of $60,000. Which treatment is preferred from a cost utility analysis perspective?Under intervention A, the status quo, 15% of 3-year-old children in the country of Granada die from Dengue and under intervention B, a new intervention only 10% of children in Granada die from Dengue. The life expectancy at three years in Dengue is 55 years. The cost of intervention A is $100 and the cost of intervention B is $185. What is the incremental cost-effectiveness ratio (ICER) comparing intervention B to intervention A expressed as a. cost per life-years b. cost per life-years savedWhich of the following statements is true? Multiple Choice All of the statements are correct. A risk-averse manager will prefer project D. A risk-neutral manager will prefer project D. A risk-loving manager will prefer project D.
- Suppose the government is trying to determine how to deal with pesticide contamination of its water supply. It wants to undertake a benefit-cost analysis of two alternative policy options for controlling pesticides: Upgrade its municipal water treatment plant to remove the pesticides, or Banning the use of the offending pesticides in the metropolitan area. Assume that either techniques reduces pesticides to a level which does not adversely affect human health. The cost of these control options are as follows: Municipal treatment upgrades: Capital Costs = $9 million. The new plant is constructed over one year. It starts operating at the beginning of year two. Once the plant begins operation, it has operating costs of $1 million per year. Once constructed, the plant lasts for 5 years, then it must be replaced with a new plant. Pesticide Ban: Annual operating costs due to substitution of non-toxic methods of controlling “pests” = $4 million per year. These costs would last forever. The…Suppose the government is trying to determine how to deal with pesticide contamination of its water supply. It wants to undertake a benefit-cost analysis of two alternative policy options for controlling pesticides: Upgrade its municipal water treatment plant to remove the pesticides, or Banning the use of the offending pesticides in the metropolitan area. Assume that either techniques reduces pesticides to a level which does not adversely affect human health. The cost of these control options are as follows: Municipal treatment upgrades: Capital Costs = $9 million. The new plant is constructed over one year. It starts operating at the beginning of year two. Once the plant begins operation, it has operating costs of $1 million per year. Once constructed, the plant lasts for 5 years, then it must be replaced with a new plant. Pesticide Ban: Annual operating costs due to substitution of non-toxic methods of controlling “pests” = $4 million per year. These costs would last forever. The…Consider this situation faced by a first-semester senior in civil engineering who is exhausted from extensive job interviewing and penniless from excessive partying. Mary’s impulse is to accept immediately a highly attractive job offer to work in her brother’s successful manufacturing company. She would then be able to relax for a year or two, save some money, and then return to college to complete her senior year and graduate. Mary is cautious about this impulsive desire, because it may lead to no college degree at all! a. Develop at least two formulations for Mary’s problem. b. Identify feasible solutions for each problem formulation in Part (a). Be creative!
- Benefit–cost analysis requires the monetization of all relevant benefits and costs of a proposed policy or project, whose values can be derived from market transactions. However, in the case of valuation of Environmental goods and services whose values cannot be derived from market transactions, special valuation methods have been developed for this purpose. With the use of appropriate examples explain the use of the following environmental valuation methods; Travel Cost Valuation Method Hedonic Property Valuation Method Contingent Valuation Method Tangible versus Intangible Benefits Stated Preference Methods Revealed preference methodsPLEASE PROVIDE CLEAR SOLUTION WITH CLEAR STEPS AND EXPLAINATION - DO NOT ANSWER IF YOU ARE NOT CONFIDENT.You have been hired as a consultant to advise the Northern Virginia Regional Transportation Authority on the best course of action with regard to an extension of the Metro. The expected total cost of extending the Metro from West Falls Church to Dulles Airport is $5 billion; the expected total cost of extending the Metro from West Falls Church past Dulles to Leesburg is $12 billion; the expected total cost of extending the Metro from West Falls Church past Dulles, past Leesburg to Winchester in the Shenandoah Valley is $22 billion. The expected total benefit of extending the Metro from West Falls Church to Dulles Airport is $50 billion; the expected total benefit of extending the Metro from West Falls Church past Dulles to Leesburg is $62 billion; the expected total benefit of extending the Metro from West Falls Church past Dulles, past Leesburg to Winchester in the Shenandoah Valley is $65 billion. What is your advice regarding the proposed extension? a) Do not…