Suppose college makes it mandatory for all faculty, students andother college employees to opt for its special-negotiated healthinsurance policy. This can solve the problem of marketunravelling that arise due to adverse selection. (True or False)

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Answered: Suppose college makes it mandatory for…

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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1) In New York State, savings banks are permitted to sell a form of life insurance called savings bank life insurance (SBLI). The approval process consists of underwriting, which includes a review of the application, a medical information bureau check, possible requests for additional medical information and medical exams, and a policy compilation stage, during which the policy pages are generated and sent to the bank for delivery. The ability to deliver approved policies to customers in a timely manner is critical to the profitability of this service to the bank. During a period of one month, a random sample of 27 approved policies was elected, and the following were the total processing times: 73 19 16 64 28 28 31 90 60 56 31 56 22 18 45 48 17 17 17 91 92 63 50 51 69 16 17 a. Compute the mean, median and standard deviation (grouped and ungrouped). b. Compute the range. c. Construct a graph. Are the data skewed? If so, how? d. What would you tell a customer who enters the bank to…
3. University administrators are increasingly concerned about plagiarism in written work submitted by their students. As a result, several universities have subscribed to a service that scans written work for plagiarism. Students are obliged to submit all their written work through software provided by the service. The software compares this work to a large number of documents on the Web, as well as to a bank of other works submitted by students over several years. If the overlap between a student's submitted work and reference documents (on the Web or in their database) is higher than a critical threshold, the software flags it as possible plagiarism. A committee then looks into these suspect cases individually. The power of the software to detect true plagiarism is extremely high - it essentially catches all true cases. However, the software also incorrectly flags approximately 20% of innocent papers as being plagiarized (the overlap being due to straightforward quotations, common…
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First National Bank employs three real estate appraisers whose job is to establish a property's market value before the bank offers a mortgage to a prospective buyer. It is imperative that each appraiser values a property with no bias. Suppose First National Bank wishes to check the consistency of the recent values that its appraisers have established. The bank asked the three appraisers to value (in $1,000s) three different types of homes: a cape, a colonial, and a ranch. The results are shown in the accompanying table. (You may find it useful to reference the g table.) Appraiser House Type 1 2 427 Саре Colonial 429 414 530 547 541 Ranch 391 401 377 E Click here for the Excel Data File a-1. Construct an ANOVA table. (Round intermediate calculations to at least 4 decimal places. Round "SS", "MS", "p-value" to 4 decimal places and "F' to 3 decimal places.) ANOVA Source of Varlation df MS F p-value Rows Columns Error Total 0.0000 a-2. At the 5% significance level, can you conclude that…
which is true about child and dependent care credit?Married couple to claim at least one spouse must work, be looking for work or be enrolled as full time student--or credit phases out when taxpayers AGI crosses certain threshold--or single taxpayer may claim credit for the care of certain disabled adult children who lived in household for more than 6 months
Although there is no empirical evidence to strongly support this hypothesis, some financial journalists have claimed that British managers are short-sighted and overly risk averse, preferr ing to take on relatively safe projects that pay off quickly instead of taking on longerterm projects with less certain pay-offs. Assume the journalists are correct.a Explain why managers who use a single discount rate for valuing projects are likely to have a systematic bias against longer-term projects if the systematic risk of the cash flows of many long-term investment projects declines over time.b Discuss how the presence of strategic investment options affects the decisions to adopt long-term over short-term investments. Can you help with the understanding of question a and b
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12) Thirty six percent of all assembly line mechanical robots are claimed for services by the technicians to be sent out to the manufacturer all under the issued warranty at the time of purchase. Out of these robots sent under warranty, 45% will be repaired and sent back to the factory and 55% will be replaced under warranty at no cost. Suppose the company you are working for recently ordered 15 of these mechanical robots. The CEO agreed to sign a five years purchasing contract if only the probability of sending back three of these robots are LESS than 0.24 during the life of the contract. Will she approve the purchasing contact? [Hint: you are trying to find the probability of exactly three robots will eventually be replaced under warranty as she will not sign off if such probability for three is more than 24%.]

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Suppose college makes it mandatory for all faculty, students and other college employees to opt for its special-negotiated health insurance policy. This can solve the problem of market unravelling that arise due to adverse selection. (True or False)