Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
Gen Combo Ll Statistical Techniques In Business And Economics; Connect Ac
17th Edition
ISBN: 9781260149623
Author: Lind
Publisher: MCG
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Chapter 17, Problem 37CE
To determine

Find Fisher’s ideal index.

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4. The following table provides the average price of Regular Grade of gasoline for 4 years. Use 2015 as the reference value, complete the table by calculating the price index for each year. Show all your calculation in the space provided. Date 2013 2014 2015 2016 Regular Grade Gasoline Prices Price $3.505 $3.358 $2.429 $2.143 Price Index
Consider the price of three items for years 2017 and 2019.SUGAR(KG) CALCULATOR DEODORANT 20072019Price Quantity Price Quantity14.00 60.00 800 200 18.00 85.00 900 50025.00 300 40.00 600 3.1 The using 2015 as base year calculate:3.1.1 The Laspeyres price and quantity indices.3.1.2 The Paasche price and quantity indices.(8)(8) 3.2 Interpret the Paasche indices calculated in question 3.1.2 above. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The CFO has asked you to use facility data to determine reimbursement for a proposed new service that is estimated to treat a given number of patients from five specialty DRGs. She also wants to know how the proposed new patients would affect the facility's CMI (currently 1.995). Calculate the missing information in the table. DRG Relative Weight 0.1327 2.162 Blended Rate 1. Payment per Patient 650 Expected Total Reimbursement 2. Total Weights A B $2940 3. $2940 4. Estimated No. of New Patients 200 5. 6. 3.07 $2940 7. 200 8. 9. C D 0.8122 $2940 10. 400 11. 12. E Π 3.003 $2940 13. 150 14. 15. 16. What is the estimated total reimbursement for all patients if the new service is added? 17. What is the CMI for the new DRGs? answer
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