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7. Annual medical costs are modeled by a two-parameter Pareto distribution with 2 and 300. (a)...
A prescription drug plan provides that the insured has the following annual payment re- sponsibilities: (i)...
A prescription drug plan provides that the insured has the following annual payment re- sponsibilities: (i) All costs up to a deductible of 250. (ii) 25% of costs between 250 and 2250. (iii) All costs above 2250 until the total insured's payment reaches 3600. (iv) 5% of all remaining costs. The plan's costs are modeled by a Pareto distribution with a 2 and 0- 2000. Find the expected annual payment made by the plan.
health economics and policy how do I calculate the following: if the insurance company must offer...
health economics and policy
how
do I calculate the following: if the insurance company must offer
one plan to all women ages 65 and older, what will be the monthly
premiun per person? and the surplus?
Case Study 2 Suppose that within a given city, women ages 65 and older fall into one of four health categories very healthy, healthy, unhealthy, and very unhealthy. As a part of the new PPACA, the government has mandated that insurance companies must charge...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2016. Alfred...
Alfred E. Old and Beulah A. Crane, each age 42, married on
September 7, 2016. Alfred and Beulah will file a joint return for
2018. Alfred's Social Security number is 111-11-1112. Beulah's
Social Security number is 123-45-6789, and she adopted "Old" as her
married name. They live at 211 Brickstone Drive, Atlanta, GA
30304.
Alfred was divorced from Sarah Old in March 2016. Under the
divorce agreement, Alfred is to pay Sarah $1,250 per month for the
next 10 years...
With medical costs rising 10 to 15 percent per year, one of the members of your...
With medical costs rising 10 to 15 percent per year, one of the members of your Board of Directors mentioned that some companies are now refusing to hire smokers and the board should discuss this option at the next month's meeting. Nationally, about 6,000 companies refuse to hire smokers. Weyco, an employee benefits company in Okemos, Michigan, requires all applicants to take a nicotine test. Weyco's CFO says, "We're not saying people can't smoke. We're just saying they can't smoke...
Question 1 BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the...
Question 1 BWS Corporation pays the premiums on an $80,000 group-term life insurance policy on the life of its 45-year-old vice-president, Warren. The annual cost per $1,000 of coverage for a person aged 45 to 49 is $1.80. If Warren has paid $25 toward the cost of the insurance, what is the cost of hte policy includible in Warren's gross income? 1) $278.00 2) $144.00 3) $54.00 4) $29.00 5) $0 Question 2 During 2019, Edward East had wages of...
Discussion Questions: 1. What is the purpose of a distribution center? 2. Why does Cameron have...
Discussion Questions: 1. What is the purpose of a distribution center? 2. Why does Cameron have eight warehouses? Why do you think Kelly believes six warehouses is better than eight? 3. What is the cost of holding inventory at Cameron? 4. Why should the decision to invest in inventory be different from investing in capital? 5. Do you think it is prudent to evaluate the future of the Atlanta warehouse independently from consideration of the other seven warehouses in the...
Question: Evaluate the relationship between cost per visit and week. Interpret your regression re...
Question:
Evaluate the relationship between cost per visit and week.
Interpret your regression results by
discussing significance of the regression equation and magnitude
of the estimated coefficients.
TRUE MASTER PLAN True Master Plan (TMP) is a managed care company that provides and finances health care services for employees of DigiTech Media, Inc. Approximately 5,000 employees at DigiTech Media are currently enrolled in TMP's health insurance plan. The number of enrollees has increased over the past year as DigiTech Media continued...
СKG Auto compact car manufacturing assembly plants rely on parts from multiple outside vendors and internal...
СKG Auto compact car manufacturing assembly plants rely on parts from multiple outside vendors and internal subassembly plants. Currently, these parts are all transported via independent trucking firms for negotiated fees based on actual tons shipped and miles. The operations management group has been dissatisfied lately with the service levels provided by these outside trucking companies, as well as with the rising costs of roughly 6.0% per year for the last two years. These costs are expected to rise in...
6. Pedestrian Deaths A researcher wanted to determinse whether pedestrian deaths were uniformly distributed over the days of the week. She randomly selected 300 pedestrian...
6. Pedestrian Deaths A researcher wanted to determinse whether pedestrian deaths were uniformly distributed over the days of the week. She randomly selected 300 pedestrian deaths, recorded the day of the week on which the death occurred, and obtained the following results (the data are based on information obtained from the Insurance Institute for Highway Safety) Day of the Week Sunday Monday Tuesday Wednesday Frequency Day of Frequency the Week Thursday Friday Saturday 41 49 61 39 40 30 40...
A prescription drug plan provides that the insured has the following annual payment re- sponsibilities: (i) All costs up to a deductible of 250. (ii) 25% of costs between 250 and 2250. (iii) All costs above 2250 until the total insured's payment reaches 3600. (iv) 5% of all remaining costs. The plan's costs are modeled by a Pareto distribution with a 2 and 0- 2000. Find the expected annual payment made by the plan.
health economics and policy
how
do I calculate the following: if the insurance company must offer
one plan to all women ages 65 and older, what will be the monthly
premiun per person? and the surplus?
Case Study 2 Suppose that within a given city, women ages 65 and older fall into one of four health categories very healthy, healthy, unhealthy, and very unhealthy. As a part of the new PPACA, the government has mandated that insurance companies must charge...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Alfred E. Old and Beulah A. Crane, each age 42, married on
September 7, 2016. Alfred and Beulah will file a joint return for
2018. Alfred's Social Security number is 111-11-1112. Beulah's
Social Security number is 123-45-6789, and she adopted "Old" as her
married name. They live at 211 Brickstone Drive, Atlanta, GA
30304.
Alfred was divorced from Sarah Old in March 2016. Under the
divorce agreement, Alfred is to pay Sarah $1,250 per month for the
next 10 years...
With medical costs rising 10 to 15 percent per year, one of the members of your Board of Directors mentioned that some companies are now refusing to hire smokers and the board should discuss this option at the next month's meeting. Nationally, about 6,000 companies refuse to hire smokers. Weyco, an employee benefits company in Okemos, Michigan, requires all applicants to take a nicotine test. Weyco's CFO says, "We're not saying people can't smoke. We're just saying they can't smoke...
Question:
Evaluate the relationship between cost per visit and week.
Interpret your regression results by
discussing significance of the regression equation and magnitude
of the estimated coefficients.
TRUE MASTER PLAN True Master Plan (TMP) is a managed care company that provides and finances health care services for employees of DigiTech Media, Inc. Approximately 5,000 employees at DigiTech Media are currently enrolled in TMP's health insurance plan. The number of enrollees has increased over the past year as DigiTech Media continued...
СKG Auto compact car manufacturing assembly plants rely on parts from multiple outside vendors and internal subassembly plants. Currently, these parts are all transported via independent trucking firms for negotiated fees based on actual tons shipped and miles. The operations management group has been dissatisfied lately with the service levels provided by these outside trucking companies, as well as with the rising costs of roughly 6.0% per year for the last two years. These costs are expected to rise in...
6. Pedestrian Deaths A researcher wanted to determinse whether pedestrian deaths were uniformly distributed over the days of the week. She randomly selected 300 pedestrian deaths, recorded the day of the week on which the death occurred, and obtained the following results (the data are based on information obtained from the Insurance Institute for Highway Safety) Day of the Week Sunday Monday Tuesday Wednesday Frequency Day of Frequency the Week Thursday Friday Saturday 41 49 61 39 40 30 40...
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