Suppose that, in the absence of insurance, the daily demand for visits to a clinic is given by Qd = 200 – 0.5P, where c is the coinsurance rate and P is the price charged by the clinic.
a. Calculate the quantity demanded when P is $100.
b. Calculate daily revenues when P is $100. Now assume that customers pay a coinsurance rate,
c. You will need to modify the demand function to account for the coinsurance. See page 105 of the Bernell text for some tips. c. Calculate the quantity demanded when P is $100 and the coinsurance rate is 0.4.
d. Calculate the daily revenue for the values given in (c). e. Calculate the quantity demanded when P is $100 and the coinsurance rate is 0.8.
f. Calculate the daily revenue for the values given in
(e). Assume the clinic’s daily capacity is 100 customers.
g. Calculate the price the clinic should set to exactly use its entire capacity when there is no insurance (i.e., the coinsurance rate is 1).
h. Calculate the price the clinic should set to exactly use its entire capacity when there is a coinsurance rate of 0.8
In: Economics
In a study, researchers wanted to measure the effect of alcohol on the hippocampal region, the portion of the brain responsible for long-term memory storage, in adolescents. The researchers randomly selected 13 adolescents with alcohol use disorders to determine whether the hippocampal volumes in the alcoholic adolescents were less than the normal volume of 9.02 cm3. An analysis of the sample data revealed that the hippocampal volume is approximately normal with x̅ = 8.09 cm3 and s = 0.8 0.8 cm3. Conduct the appropriate test at the α = 0.01 level of significance.
State the null and alternative hypotheses.
H0: μ
▼
greater than>
not equals≠
less than<
= __?__
H1: μ
▼
greater than>
equals=
not equals≠
less than<
__?__
(Type integers or decimals. Do not round.)
Identify the t-statistic.
t0=__?__
(Round to two decimal places as needed.)
Identify the P-value.
P-value=__?__
(Round to three decimal places as needed.)
Make a conclusion regarding the hypothesis.
▼
Fail to reject
Reject
the null hypothesis. There
▼
is not
is
sufficient evidence to claim that the mean hippocampal volume is
▼
less than
greater than
equal to
__?__ cm3.
In: Statistics and Probability
Anemia (low healthy blood cells or hemoglobin) has an important role in exercise performance. However, the direct link between rapid changes of hemoglobin and exercise performance is still unknown. A study investigated 18 patients with a blood disorder (beta-thalassemia). Participants in the study performed an exercise test before and the day after receiving a blood transfusion. Data are given in the table.
|
ID |
Change in HB |
Obese |
RER > 1.1 |
|
1 |
-1.4 |
No |
No |
|
2 |
-1.5 |
No |
No |
|
3 |
-2 |
No |
Yes |
|
4 |
-2.1 |
No |
No |
|
5 |
-1.9 |
Yes |
Yes |
|
6 |
-1.6 |
Yes |
No |
|
7 |
-1.8 |
No |
Yes |
|
8 |
-0.8 |
No |
Yes |
|
9 |
-1 |
No |
No |
|
10 |
-1.2 |
No |
Yes |
|
11 |
-0.8 |
No |
No |
|
12 |
-1.5 |
Yes |
No |
|
13 |
-1.4 |
No |
Yes |
|
14 |
-2.6 |
No |
Yes |
|
15 |
-1.7 |
No |
Yes |
|
16 |
-2.6 |
No |
Yes |
|
17 |
-2.7 |
Yes |
No |
|
18 |
-1.5 |
Yes |
No |
2. Is obesity associated with a RER greater than 1.1?
a. State the Null Hypothesis
b. Which test statistic would you use and what is the observed value
c. What conclusion would you reach (justify)?
In: Statistics and Probability
Suppose x has a distribution with μ = 45 and σ = 13.
(a) If random samples of size n = 16 are selected, can we say anything about the x distribution of sample means?
Yes, the x distribution is normal with mean μ x = 45 and σ x = 13.
Yes, the x distribution is normal with mean μ x = 45 and σ x = 3.25.
Yes, the x distribution is normal with mean μ x = 45 and σ x = 0.8.
No, the sample size is too small.
(b) If the original x distribution is normal, can we say anything about the x distribution of random samples of size 16?
No, the sample size is too small.
Yes, the x distribution is normal with mean μ x = 45 and σ x = 0.8.
Yes, the x distribution is normal with mean μ x = 45 and σ x = 3.25.
Yes, the x distribution is normal with mean μ x = 45 and σ x = 13.
(c) Find P(41 ≤ x ≤ 46). (Round your answer to four decimal places.)
In: Statistics and Probability
Suppose x has a distribution with μ = 82 and σ = 13. (a) If random samples of size n = 16 are selected, can we say anything about the x distribution of sample means? Yes, the x distribution is normal with mean μ x = 82 and σ x = 0.8. No, the sample size is too small. Yes, the x distribution is normal with mean μ x = 82 and σ x = 3.25. Yes, the x distribution is normal with mean μ x = 82 and σ x = 13. (b) If the original x distribution is normal, can we say anything about the x distribution of random samples of size 16? Yes, the x distribution is normal with mean μ x = 82 and σ x = 3.25. No, the sample size is too small. Yes, the x distribution is normal with mean μ x = 82 and σ x = 0.8. Yes, the x distribution is normal with mean μ x = 82 and σ x = 13. Find P(78 ≤ x ≤ 83). (Round your answer to four decimal places.)
In: Statistics and Probability
A synchronous generator has parameters as shown in table below.
|
1. |
Voltage Rating |
30 kV, 3-phase |
5. |
Frequency |
50 Hz |
|
2. |
Power Rating |
50 MVA |
6. |
Rotor |
Round |
|
3. |
Synchronous Reactance, XS |
7 Ω /phase |
7. |
Connection |
STAR |
|
4. |
Armature resistance, Ra |
1.5 Ω /phase |
8. |
Excitation Type |
Permanent Magnet |
In: Electrical Engineering
Matulis, Inc., a calendar year C corporation, owns a single asset with a basis of $325,000 and a fair market value of $800,000. Matulis holds a positive E & P balance. The entity elects S corporation status for 2020 and then sells the asset. Compute the corporate-level built-in gains tax that must be paid by Matulis.
In: Accounting
Matulis, Inc., a calendar year C corporation, owns a single asset with a basis of $325,000 and a fair market value of $800,000. Matulis holds a positive E & P balance. The entity elects S corporation status for 2020 and then sells the asset. Compute the corporate-level built-in gains tax that must be paid by Matulis.
In: Accounting
what does a primary key and foreign key relates to?
Which drive does a magnet damage the most
what the Raid differences ?
what a NIC does
what is NAS and what's it used for and how it can be used in a network setting
which device has a built in antenna
what RF is used for (Radio Frequency )
In: Computer Science
In the discussion preparation, you were asked to analyze the major connections between liability of professionals, insurance policy coverage, and settlement of claims due to health care liability issues. Consider the concept of insurance coverage denial. Ascertain the manner in which such denial is built on the limitation clauses and conditions set forth by the insurance provider.
In: Nursing