Question
In: Statistics and Probability
Recall Problem 3.3: A health insurance will pay for a medical expense subject to a USD...
Recall Problem 3.3: A health insurance will pay for a medical expense subject to a USD 100 deductible. Assume that the amount of the expense is exponentially distributed with mean USD 500. Compute the empirical mean and empirical standard deviation of the payout by the insurance company by using 100000 samples.
Solutions
orchestra answered 2 years agoRelated Solutions
Recall Problem 3.3: A health insurance will pay for a medical expense subject to a USD...
Recall Problem 3.3: A health insurance will pay for a medical
expense subject to a USD 100 deductible. Assume that the amount of
the expense is exponentially distributed with mean USD 500. Compute
the empirical mean and emprical standard deviation of the payout by
the insurance company by using 100000 samples. using python plz
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Employees currently pay their own medical and health insurance premiums The company does not offer group...
Employees currently pay their own medical and health insurance
premiums The company does not offer group life insurance The
company would like to offer dependent care assistance under Sec.
129 for its employees What advice would you give the company
President about starting a fringe benefit program for the
employees? What are some of the tax benefits to the company and the
employees? Would a cafeteria plan be an option for this
company?
subject health management Russia: What concerns do hospital chief medical officers have with the current insurance...
subject health management
Russia: What concerns do hospital chief medical officers have
with the current insurance based healthcare financing system?
How has the ACA affected group medical expense insurance?
How has the ACA affected group medical expense insurance?
Insurance that covers medical costs beyond those covered by basic health insurance is A) major medical...
Insurance that covers medical costs beyond those covered by
basic health insurance is
A)
major medical insurance.
B)
premium insurance.
C)
catastrophic insurance.
D)
none of the above.
Which of the following insurance premiums would not be considered a qualified medical expense? a. Premiums...
Which of the following insurance premiums would not be
considered a qualified medical expense?
a. Premiums for health care continuation coverage (such as
coverage under COBRA)
b. Premiums for Medicare supplemental policy, such as
Medigap
c. All premiums for long-term care insurance including amounts
over the aged-based limits
d. Premiums for Medicare and other health care coverfage if the
taxpayer was 65 or older
QUESTION 37 Health insurance is subject to a. moral hazard problems but not asymmetric...
QUESTION 37
Health insurance is subject to
a.
moral hazard problems but not asymmetric information
problems
b.
Asymmetric information problems but not moral hazard
problems
c.
Both asymmetric information problems and moral hazard
problems
d.
Neither asymmetric information problems nor moral hazard
problems
QUESTION 38
A price index can fall from one year to the next:
a.
even when nominal GDP falls.
b.
even when real GDP falls.
c.
even when...
should private health insurance fund for medical treatment be assessable income?
should private health insurance fund for medical treatment be
assessable income?
Medical insurance is usually charged based on the health factors as well as the number of...
Medical insurance is usually charged based on the health factors
as well as the number of dependencies of the beneficiary. Body mass
index (bmi) is an important health index.
use SAS to answer : (please write the code in SAS only)
1- How does bmi depend on the residential region of the
beneficiaries.
2- How do insurance charges depend on the beneficiary’s smoking
habit and their number of children.
Variable Description
age: Age of the primary beneficiary
sex: insurance contractor...
There was a losing health insurance reform in California that required employers to pay a payroll...
There was a losing health insurance reform in California that
required employers to pay a payroll tax into a fund that provided
for state-wide health insurance plan (or offer health insurance to
their employees). If this law had passed, employers would have had
to contribute $1 hour into a health insurance fund for each hour
worked by their employees, show graphically what would have
happened to wages and employment in California. Be sure to indicate
the amount of the tax...
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