I. Rational Actor Approach to Problem Solving (10 pts)
Early in the semester we reviewed a simple three question approach to diagnosing problems based on the economic perspective of rational actors (recorded video lecture). Answer/diagnose the following questions using this three question framework for the “Rational Actor Paradigm”.
As a reminder, the three questions were:
Who is making the (bad) decision? [i.e. should we/they let someone else decide]
Does the decision maker have enough or the right information to make a good decision? [i.e. do we need to change the information flow to the decision maker]
Does the decision maker have the incentives to make a good decision? [i.e. should we change the incentives faced by the decision maker]
Note: You may use the internet to find additional information about these situations, but your answers should be in the format of the 3 question rational actor framework.
Choose 1 of the 2 situations to analyze
(10 pts) Goal Alignment at New York City Schools
Early in 2010 nearly 1,800 New York City teachers lost their permanent teaching jobs due to school closures and other reasons and entered the Absent Teacher Reserve pool where they can be called on to substitute etc. However, despite there being 1,200 job openings for teachers in the same area, 59% of those in the ATR pool have not even applied for one of these 1,200 permanent job openings. Using the three-question framework, answer the question: why not?
(10 pts) Goal Alignment Between Airlines and
Flight Crews
Most people that have taken a flight are familiar with planes
boarding, closing the doors, pulling slightly away from the gate,
and then sitting on the plane for extended periods even before
taxing the plane into the take-off queue. While the plane is
sitting there, it is running the engines, burning/wasting fuel and
extending the time that passengers have to sit cramped on the
plane. Turns out this practice often has something to do with the
flight crew contracts. Using the three-question framework, diagnose
this problem and answer the question: why does this happen?
In: Economics
1. Define variability.
2. What are the strengths and limitations of the range?
3. When computing a standard deviation, why are the deviations from the mean squared?
4. Why is the square root taken when computing the standard deviation?
5. What are the three measures of variability? Which is the most commonly used?
6. Compute the range of the following student’s test scores: 39, 64.5, 54, 49, 56, 61, 58
7. The local B League baseball team is trying out new pitchers. The new pitcher will be selected based on the mean velocity of his best pitches, but also based on the standard deviation of his pitches. Compute the standard deviation and variance for Pitcher A if S(X-M)2 = 128, for 33 attempts (n). See formula - p.49
8. A school psychologist is interested in the variability of student IQ scores. What is the standard deviation of the following IQ scores? The scores are 100, 115, 85, 125, 75, 95, 105.
9. Here is a set of cognitive ability scores: 103, 112, 97, 126, 100, 131. Comprehensively assess variability (range, standard deviation and variance).
10. The length of time it takes to fly from one place to another varies based on many factors. Given the following flight lengths, compute the average flight time, the range and the standard deviation in flight lengths. The flight lengths from Kansas City to Los Angeles are: 1 hr 40 min, 1 hr 45 min, 3 hr, 3 hr 35 min, 3 hr 20 min, 1 hr 45 min, 3 hr 15 min, 3 hr 25 min. Change all flight times to minutes.
11. Here is a set of adaptive functioning scores: 97, 122, 105, 140, 94, 129. Assess variability (range, standard deviation and variance).
12. Using the procedure explained on page 4383 of your text to find the range, variance and standard deviation of prej from chapter 2 data set 1 using SPSS.
In: Statistics and Probability
Alicia, a 16-year-old high school student, was diagnosed with anorexia nervosa 2 years ago. Over those 2 years, she has required multiple hospital admissions for dehydration, malnutrition, and electrolyte imbalance. During these hospitalizations, it was established that Alicia has a history of self-starving and also exercising excessively to reduce her weight to less than 75% of her normal weight. According to her mother Joan, Alicia has always been “harder on herself than anyone should be.” She has always been an overachiever who is dissatisfied with anything less than perfect. Joan says that unlike her other children, Alicia is “wound very tight, almost obsessive, and has to do everything herself.”
Last week, Alicia was hospitalized again after she fainted during gym class. Since her admission, she has worked with a psychotherapist to identify some healthier coping strategies and behaviors. The therapist suggested that Alicia sign a contract, agreeing that she will follow certain agreed-upon behaviors. Now that she is about to be released from the hospital, an advanced practice nurse, Eileen, is brought in to plan her after-care. The first thing Eileen suggests is that she and Alicia create a contract.
Alicia is frustrated. “Another contract?” she says. “This is so stupid! I already did a contract in the hospital! Why should I have to start over again?”
“You’re not starting over,” Eileen says. “This is a new contract for a new phase of your ongoing wellness plan.”
“All this controlling structure,” Alicia says. “I feel like I’m being babied.” She sits back in her chair, looking miserable.
In: Nursing
choose the correct words to complete the sentences.
Part A: Academic Vocabulary
1. Doctors need to be able to communicate quickly with patients who experience anxiety/probability/tendencies between appointments.
2. There is an irrational/apparent/anxious connection between patients' stress levels and wait time for doctors to provide them with test results.
3. The patients' appointments, phone calls, and stress are all probable/demonstrated/triggered by new symptoms or increased pain.
4. Patients' fears can seem irrational/logical/probable because there may not be a good reason to think they need immediate medical attention.
5. From the patient's point of view, the logic/triggered/demonstrated thing to do might be to contact the doctor and make sure everything is fine.
6. Since many patients have a probability/tendency/trigger to worry about medical issues, doctors have begun to use social media such as blogging to help patients outside of office hours.
7. Some doctors send mass email notifications of new blog posts to reduce the probability/anxiety/logic that patients will seek time-consuming answer to general questions
. 8. To help patients with anxiety, some doctors provide triggers/logic/demonstration of the anxiety-reducing techniques described in their posts and messages.
Part B: Academic Collocations
Complete the paragraph with the correct forms of the academic phrases in the box.
basic logic clearly demonstrate high probability
Irrational tendency logical conclusion
There are several ways that parents can help children who are victims of cyberbullying. While................ would say that staying connected to bullies online is unhealthy, children might not realize this without their parents help. They can also monitor their children's Internet use and try to stop their ..........................to stay connected to bullies on social media. While some parents can help their children, research............................. that many teenagers need outside help, perhaps from a school counselor or psychologist. Without this help, there is a.............................that cyberbullying will continue. The...................is that the problem of cyberbullying needs to be prevented because it is doing so much harm to these young people.
In: Nursing
Part A: You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $5,000 per year, beginning immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today?
a. $16,614.78
b. $17,943.97
c. $17,445.52
d. $18,442.41
e. $14,953.30
Part B: What is the PV of an annuity due with 5 payments of $7,900 at an interest rate of 5.5%?
a. $41,285.20
b. $40,573.38
c. 35,590.69
d. $43,776.54
e. $41,997.01
In: Finance
Imagine you receive a phone call/text message from an actual friend or relative who asks you, “HOW IS YOUR ONLINE SCHOOL GOING?” Write a two-paragraph email to your instructor (Ms. Ivy) identifying how you will respond to the specific audience:
In the first paragraph, identify the friend or relative you have in mind and explain what you think that person really wants to know in asking the question.
In the second paragraph, explain how you will respond. What will you tell your friend or relative and why? What won’t you tell him or her and why?
In: Economics
In: Finance
List the appropriate post hoc test (or tests if more than one is suitable) for each scenario described:
In: Statistics and Probability
Question 6: An English professor believes that the average grade on an English essay in a particular school system for females is higher than for males. A random sample of 31 females had a mean score of 82 with a standard deviation of three, and a random sample of 25 males had a mean score of 76 with a standard deviation of four. Does the data agree with this professor?
a) Is this an observational study or an experiment?
b) Identify (and classify) the explanatory and response variables.
c) Summarize the information in this question into a table.
d) Create a 95 % confidence by using the statistical process. You do not have to visualize the assumptions or the data for this question.
In: Statistics and Probability
In: Statistics and Probability