If the United States legislated that all employers could only terminate an employee for “just cause” (and thus eliminating the doctrine of “employment at will”) we would expect (over time), all things being held the same, that:
the natural rate of unemployment will rise
cyclical unemployment would fall
frictional unemployment would fall because companies will want to hire workers quickly
structural unemployment would fall because workers will work harder consistent with the efficiency wage hypothesis
In: Economics
a) What has happened to the cost of health care in the United States since the early 1970s? What has happened in other countries, countries who do not have private health insurance?
b) Why might people expect private, for profit health insurance companies to be more efficient than a government system? Why has private health insurance led to higher costs?
c) Why has private health insurance led to worse health outcomes for Americans?
In: Economics
Question: Due to the Affordable Care Act (ACA), residents of the United States are now facing a different side of the insurance spectrum with increased premiums and/or deductibles. They also have the ability to "shop" around for which insurance policies best meets their needs.
In your initial post, give your perspective on how the Affordable Care Act (ACA) impacts reimbursement policies.
please use a minimum of 6 sentences. . . ALSO, USE a reference and LIST THE REFERENCE U USED! also .... do not copy and paste your answer from a website. this is my second time asking this. thank you in advance.
In: Operations Management
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The mean annual premium for automobile insurance in the United States is $1503 (Insure.com website, March 6, 2014). Being from Pennsylvania, you believe automobile insurance is cheaper there and wish to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1440 with a standard deviation of s = $165. If required, enter negative values as negative numbers. a. Develop a hypothesis test that can be used to determine whether the mean annual premium in Pennsylvania is lower than the national mean annual premium. H 0: μ - b. What is a point estimate of the difference
between the mean annual premium in Pennsylvania and the national
mean (to the nearest dollar)? c. At = .05, test for a significant difference by completing the following. Calculate the value of the test statistic (to 2 decimals). The p-value is - What is your conclusion? |
In: Statistics and Probability
The mean annual premium for automobile insurance in the United States is $1,495. Being from Pennsylvania, you believe automobile insurance is cheaper there and wish to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1,439 with a standard deviation of s = $150.
If required, enter negative values as negative numbers.
a. Develop a hypothesis test that can be used to determine whether the mean annual premium in Pennsylvania is lower than the national mean annual premium.
H 0: μ - Select your answer
-greater than 1,495, greater than or equal to 1,495, equal to
1,495, less than or equal to 1,495, less than 1,495, not equal to
1,495
H a: μ - Select your answer -greater
than 1,495, greater than or equal to 1,495, equal to 1,495, less
than or equal to 1,495, less than 1,495, not equal to 1,495
b. What is a point estimate of the difference
between the mean annual premium in Pennsylvania and the national
mean (to the nearest dollar)?
$
c. At α = .05, test for a significant difference by completing the following.
Calculate the value of the test statistic (to 2 decimals).
The p-value is - Select your answer -less than .005, between .005 and .01, between .01 and .025, between .025 and .05, between .05 and .10, between .10 and .20, greater than .20
What is your conclusion?
- Select your answer -The population mean automobile premium is
higher in Pennsylvania than the national mean.The population mean
automobile premium is lower in Pennsylvania than the national
mean.
In: Statistics and Probability
The mean annual premium for automobile insurance in the United States is $1,495. Being from Pennsylvania, you believe automobile insurance is cheaper there and wish to develop statistical support for your opinion. A sample of 25 automobile insurance policies from the state of Pennsylvania showed a mean annual premium of $1,439 with a standard deviation of s = $150.
If required, enter negative values as negative numbers.
a. Develop a hypothesis test that can be used to determine whether the mean annual premium in Pennsylvania is lower than the national mean annual premium.
H 0: μ - Select your answer -
greater than 1,495, greater than or equal to 1,495, equal to 1,495,
less than or equal to 1,495, less than 1,495, not equal to
1,495
H a: μ - Select your answer - greater
than 1,495, greater than or equal to 1,495, equal to 1,495, less
than or equal to 1,495, less than 1,495, not equal to 1,495
b. What is a point estimate of the difference
between the mean annual premium in Pennsylvania and the national
mean (to the nearest dollar)?
$
c. At α = .05, test for a significant difference by completing the following.
Calculate the value of the test statistic (to 2 decimals).
The p-value is - Select your answer -less than .005, between .005 and .01, between .01 and .025, between .025 and .05, between .05 and .10, between .10 and .20, greater than .20
What is your conclusion?
- Select your answer -The population mean automobile premium is
higher in Pennsylvania than the national mean.The population mean
automobile premium is lower in Pennsylvania than the national
mean.
In: Statistics and Probability
The United States has entered into trade agreements with other countries in order to set rules and expectations to increase trade and commerce. Research either NAFTA or the TPP. How the deal you chose impact or will impact foreign trade. What were the benefits and any negative consequences from entering these types of trade agreements?
Define what the most important objectives should be in your opinion (please provide citation used)
In: Economics
We all know that insurance companies play a vital role in the United States economy. There are life, health, auto, homeowners among others. Select any one insurance company (even by type or specific name) briefly discussing the company and its role in the markets these days especially. How is that company (or type) doing and are they successful with what we are going though in your opinion. Keep in mind that they are also big players in the capital markets investing heavily. Discuss a positive and negative about the company.
In: Finance
The United States of America has long been viewed as a land of opportunity where everyone is positioned to succeed. Stratification scholars have long argued that opportunity is limited based on the social class one was born into. An individual born into a higher social class background is likely to have more opportunities that one born into a lower social class background. This is believed to be true in post-zombie US as well. To explore this, please see the data from the New Reformed U.S. Census Bureau below comparing the percentage of state residents with a Bachelor’s degree with state median household income collected in 2013. This data represents the 10 most populated states in the Reformed U.S.
|
State |
Percentage of State Residents with a Bachelor’s Degree |
Median Household Income (x$100) |
|
California |
29.80 |
566.45 |
|
Texas |
22.50 |
449.22 |
|
New York |
32.30 |
513.84 |
|
Florida |
27.20 |
455.95 |
|
Illinois |
31.20 |
520.06 |
|
Pennsylvania |
26.60 |
452.59 |
|
Ohio |
23.30 |
471.82 |
|
Michigan |
26.10 |
471.82 |
|
Georgia |
28.10 |
468.32 |
|
New Jersey |
35.60 |
644.70 |
1. What is the r value for the relationship between the data distributions above?
2. What is the proportion of variance accounted for?
3. You will need to find the regression line for this data. With that in mind, what is the b for this data?
4. What is the a for this data?
5. Using the data above, what is the Y' for an X of 24.8?
6. Using the data above, what is the Y' for an X of 27.65?
7. In your own words but based on the strength and direction of the relationship you calculated, explain the relationship between education and median household income.
In: Statistics and Probability
The following table shows the approximate numbers of school goers in the United States (residents who attended some educational institution) in 1998, broken down by age group. Age 3−6.9 7−12.9 13−16.9 17−22.9 23−26.9 27−42.9 Population (millions) 8 22 15 13 3 5 Use the rounded midpoints of the given measurement classes to compute the probability P distribution of the age X of a school goer. (Round probabilities to four decimal places.)
Age 5 10 15 20 25 35 P(X = x) Compute the expected value of X, E(X). (Round your answer to one decimal place.)
E(X) = What information does the expected value give about residents enrolled in schools? (Round your answer to one decimal place.) In 1998, was years old.
In: Statistics and Probability