Suppose a mechanical engineering company is interested in patenting a new device that is intended to...
We are going to assume the class is a group of policy makers at a large insurance company – ABC HMO. Part of our pay is based on the company's financial performance for the current year. Specifically, the company looks at actual vs. projected medical expenses per member. The expected is based on last year's actual adjusted for inflation. One of our planners read the below article in the NY Times and recommends we reduce our coverage of routine breast...