Health Insurance and Risk Management class Janet White, a 40-year-old woman with an income of $60k, is trying to decide whether topurchase health insurance on the exchange. The premium for people in her age group is $3,500.She has a 2% chance of having a condition that will cost her $55k. Her utility function is: logY.a. Will She purchase the insurance policy - why or why not?b. Janet is potentially eligible for a subsidy. How much would the government have tosubsidize the premium in order for her to purchase the insurance?c. Suppose that she would have to pay a tax of $1,000 if she remained uninsured. Wouldshe pay the tax or purchase the insurance?

Given: Janet White, a 40-year-old woman with an income of $60k, is trying to decide whether to…

Answered: Janet White, a 40-year-old woman with…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Complete the following contingency table based on column percentages. Outcome Category Successful Not successful Total 35.47 % 12.64 % 39.35 % 12.54 % 39.85 % 14.82% 33.03 % 12.31% 100 % Film & Video 37.99 % 13.89'% 35.71 % Games Music Technology 12.41% Total 100 % 100 % (Simplify your answers. Round to two decimal places as needed.) b. Which type of percentage-row, column, or total--is most informative for these data? A. Column percentages are most informative, since they allow the direct comparison of project success for the four categories. B. Row percentages are most informative, since they show the success rate for each type of category. OC. Total percentages are most informative, since the goal is to find a pattern in the overall distribution of successful projects. c. What conclusions concerning the pattern of successful crowd-funded projects can you reach? Of the successful projects, more came from music projects than any other project. Music projects were more likely to be…
Precision Recall0.01 0.010.02 0.020.03 0.030.04 0.040.05 0.050.06 0.060.07 0.070.08 0.080.09 0.090.1 0.10.11 0.110.12 0.120.13 0.130.14 0.140.15 0.150.16 0.160.17 0.170.18 0.180.19 0.190.2 0.20.21 0.210.22 0.220.23 0.230.24 0.240.25 0.250.26 0.260.27 0.270.28 0.280.29 0.290.3 0.30.31 0.310.32 0.320.33 0.330.34 0.340.35 0.350.36 0.360.37 0.370.38 0.380.39 0.390.4 0.40.41 0.410.42 0.420.43 0.430.44 0.440.45 0.450.46 0.460.47 0.470.48 0.480.49 0.490.5 0.50.51 0.510.52 0.520.53 0.530.54 0.540.55…
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A decislon maker's course of action results in a consequence or payoff. True or False True False

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