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CV question
a. Suppose that the number of appendectomies per 100 people performed in four cities is 6, 1, 5, and 10. Calculate the Coefficient of Variation (CV) between the four cities. Make sure to show your work.
b. In a couple of sentences explain why a health economist be concerned about a high CV?
c. We talked in class about a specific economic concept that could help explain why some procedures have a low CV (brain surgery) while others have a high CV (knee replacement). Name that concept and explain how it helps explain why something like kneed surgery has a high CV while brain surgery has a low CV.
Assume that a consumer can buy only two goods, A and B, and has an income of $100. The price of A is $10 and the price of B is $20. Illustrate what is the slope of the budget line if A is measured horizontally and B is measured vertically.
Compare the elasticity of the monopolistic competitor's demand curve with that of a pure competitor and a pure monopolist. Assuming identical long run costs
An asset with a first cost of $100,000 is depreciated over 5-year period. It is expected to have a $10,000 salvage value at the end of 5 years. Using the straight-line method, what is the book value at the end of year 2?
Tool Manufacturing has an expected EBIT of $65,000 in perpetuity and a tax rate of 35 percent. The firm has $195,000 in outstanding debt at an interest rate of 6.1 percent, and its unlevered cost of capital is 14 percent. What is the value of the fir..
How would you determine the economic profit of a company? Should managers maximize economic profit or accounting profit? Why?
Compare these proceeds to what you would realize if you simply continued to hold the shares.
while the probability of outcome B is 0.3, how are these two outcomes related?
A statistical analysis was carried out to determine if the birthdates of Australian football players are equally distributed among the four quarters of the year
Determine the output you should produce, the price you should charge, and your profits.
Current one-year interest rate for USD LIBOR: 5.25%. Caterpillar (CAT), a U.S.-based MNC, has a £12M account payable in one year to a U.K. company for some engines it will purchase from a British company. Show a carefully labeled and titled payoff di..
Assuming the same financial market transaction costs and risks, will funds tend to move toward the U.S. or Japan if the U.S. interest rate is 5%, the Japanese interest rate is 2%, and there is a forward discount on the dollar of 2%? How will this eff..
How did it benefit the connection between school and home?
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