Question
In: Economics
In a small island population, half the people are healthy and half are sick. The annual...
|
In a small island population, half the people are healthy and half are sick. The annual expected medical claims of the healthy and sick are $200 and $4,000, respectively. Assume that the health insurance company does not know whether people are healthy or sick before they buy insurance. If the health insurance company charges an annual premium of $2,100 (the average expected claim), only the _____ will buy insurance, driving future premiums _____. A.sick; down B.sick; up C.healthy; down D.healthy; up |
Solutions
Expert Solution
As the premiums are very high from the medical claim that the healthy can claim they will not pay for the premiums and only the sick will buy the insurance, it will drive future payments UP.
The answer is "B".
Rahul Sunny answered 1 year agoRelated Solutions
The percentage of people in a population that get sick with a particular disease is called?...
The
percentage of people in a population that get sick with a
particular disease is called?
Cases of an infectious disease affect a large population,
beyond the localized area where it first appeared is
called?
Random mutations in a microbe lead to small alterations in the
protein sequence of a pilus is called?
A disease occurs naturally in a particular geographic location
is called?
A pathogen that can be used for bioterrorism is
called?
The disease that results when an...
Among a population of 220 bears on a small island the frequency of the MC1R298Cys was...
Among a population of 220 bears on a small island the
frequency of the MC1R298Cys was 0.1 and the population was at Hardy
Weinberg equilibrium. Then 30 black bears migrated to the small
island from the mainland where the MC1R298Tyr was fixed. What are
the new allele frequencies of the admixed population? Choose all
the frequencies needed to complete the sentence. Among the admixed
island population the f(MC1R298Tyr )= p= ______ and f(MC1R298Cys) =
q= ________ , the new allele...
a virus is spreading on a small deserted island. The total number of people infected by...
a virus is spreading on a small deserted island. The total
number of people infected by the virus t days after the outbreak is
given by the model p(t)=5200/(1+20^(-t+15)).
the different parts can be solved independently.
a. How many people will be infected in the long run? (hint:
compute the limit of p as t goes too infinity.)
b. The island only has a small hospital with a capacity of 250
patients. When will the total number of infections reach...
A cohort study of smoking and bladder cancer was conducted in a small island population. There...
A cohort study of smoking and bladder cancer was conducted in a
small island population. There were a total of 1,000 people on the
island. Four hundred were smokers and 600 were not. Fifty of the
smokers developed bladder cancer. Ten of the non-smokers developed
bladder cancer.
What is the exposure and what is the disease?
Set up the two by two table for these data with labels for
exposures and disease status.
Which measure of association/comparison should we use...
Assume that you are one of six thousand people who live on the small island of...
Assume that you are one of six thousand people who live on the
small island of Tap. This island is small and can only produce a
maximum of six thousand bags of corn a year (ignore technological
advances in corn production that are occurring elsewhere in the
world). The six thousand bags of corn produced are just enough for
the residents since each resident only earns enough to buy one bag
of corn a year (a pity since the Tapese...
Assume that you are one of six thousand people who live on the small island of...
Assume that you are one of six thousand people who live on the
small island of Tap. This island is small and can only produce a
maximum of six thousand bags of corn a year (ignore technological
advances in corn production that are occurring elsewhere in the
world). The six thousand bags of corn produced are just enough for
the residents since each resident only earns enough to buy one bag
of corn a year (a pity since the Tapese...
A small portion of a population migrates to an isolated island. Its genotypic frequencies are 0.8...
A small portion of a population migrates to an isolated island.
Its genotypic frequencies are 0.8 AA, 0.1 Aa and 0.1 aa. These
individuals start a new population on this island.
What phenomenon is being described here?
Calculate the allele frequencies for this new island
population.
Assume that this population is not undergoing evolution and
undergoes random mating. What genotypic
frequencies will you see in this population after
one generation of random mating?
What will the allele and genotype frequencies...
As you have learned in your examination of Healthy People 2020, the population in the United...
As you have learned in your examination of Healthy People 2020,
the population in the United States is growing in diversity. Within
the context of diversity, nurses need to recognize that dominant
and variant cultural patterns will exist within the society. Health
disparities are closely linked with social, economic, and
environmental disadvantage. When caring for patients, nurses need
to be aware of similarities and differences among the diverse
patient care population. Please answer the following questions.
1. Consider the ways...
Do people think that diversity in a large population is healthy or damaging? At one college,...
Do people think that diversity in a large population is healthy
or damaging? At one college, responses of a randomly selected group
of students found that 10 students majoring in behavioral sciences
thought diversity healthy and 3 thought it damaging. In the natural
sciences, 4 thought diversity healthy and 8 thought it damaging. In
the arts, 18 thought diversity healthy and 7 thought it damaging.
In the languages, 6 thought diversity healthy and 7 thought it
damaging. Finally, in the...
Do people think that diversity in a large population is healthy or damaging? At one college,...
Do people think that diversity in a large population is healthy
or damaging? At one college, responses of a randomly selected group
of students found that 10 students majoring in behavioral sciences
thought diversity healthy and 3 thought it damaging. In the natural
sciences, 4 thought diversity healthy and 8 thought it damaging. In
the arts, 18 thought diversity healthy and 7 thought it damaging.
In the languages, 6 thought diversity healthy and 7 thought it
damaging. Finally, in the...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- PYTHON CODE Step one: Copy and paste these lyrics into a multistring line "Do you ever...
- Profit or Loss on New Stock Issue Security Brokers Inc. specializes in underwriting new issues by...
- Air is cooled from 300 K to 273 K as it flows steadily through a duct....
- ​(Percent of sales forecasting​) Which of the following accounts would most likely vary directly with the...
- Magnetic field in a solenoid is what
- You are a new Athletic Director at a small Division II university. The athletic program that...
- Q1.The results of a batch settlement analysis carried out on a mixed suspension are given in...
ADVERTISEMENT