User Account

All Pages

Calculate the average cost of an evaluation

Assignment Help Risk Management
Reference no: EM131207195

a) The current cost function for a lab that evaluates Pap smears isC = 200,000 + 25 x Q. Q, the annual volume of tests, is forecast tobe 30,000. The incremental cost is $25 becuase each evaluation requires $20 worth of a technician's time and $5 worth of supplies.Calculate the average cost of an evaluation.

b) You are comparing replacement of the current lab, which has a cost function of C = 200,000 + 25 × Q, with an automated lab that has a cost function of C = 300,000 +20 × Q. Doing so would reduce the error rate from 1.5 percent to 1percent. Your volume is expected to be 18,000 tests per year.Should you choose the automated lab? Briefly explain your logic.

Reference no: EM131207195

Questions Cloud

Determine the source voltage vs : For the network of given figure and the applied source: -  Determine the source voltage vs. -  Find the currents i1 and i2.
Senior tutor office mnagement system : What is the Scope of Project, Functional and non Functional Requirements, Use Case Diagram(s),and Usage Scenarios of the project of "STO (Senior Tutor Office Mnagement System)" plz give some of theidea about that prject.
How many fin whales would be left in april 1960 : If the decrease continued at the same rate, when would there be no fin whales left? (Actually, the 1993 estimate was approximately 21 000)
How does the political relationship with elected officials : In reviewing the effects of politics within law enforcement, compare the politically appointed position of the Chief of Police with the elected Sheriff. How is the accountability of each position balanced with the vulnerability to political expos..
Calculate the average cost of an evaluation : The current cost function for a lab that evaluates Pap smears isC = 200,000 + 25 x Q. Q, the annual volume of tests, is forecast tobe 30,000. The incremental cost is $25 becuase each evaluation requires $20 worth of a technician's time and $5 wort..
How would you approach instructing effective report writing : How would you approach instructing effective report writing, specifically incident reports with this audience? Why would you take this approach?
Discuss larceny and describe the four elements. : An excuse admits that the act was criminal; however, it declares that the action committed should be excused. Select and describe at least four of the seven excuses that are recognized by law.
Estimate the population of the world in the year 2034 : In 2010, the world's population reached 6.91 billion and was increasing at a rate of 1.1 % per year. Assume that this growth rate remains constant. (In fact, the growth rate has decreased since 1987.)
Describe the three general areas of responsibility : FIN200 - List and briefly describe the three general areas of responsibility for a chief financial officer (CFO) of a selected non-financial company which is listed on Australian Stock Exchange (ASX).

Reviews

Write a Review

Risk Management Questions & Answers

  Analysis to develop an executive summary of the findings

Use this analysis to develop an executive summary of the findings of your group and one recommendation. This summary will be presented to the mayor of New Orleans.

  Decide upon an initiative you want to implement that would

decide upon an initiative you want to implement that would increase sales over the next five years for example market

  Compute the expected returns for both securities

Compute the expected returns for both securities. Suppose  that Security J  is currently  priced  at $22.50 while the price  of Security L is $15.00.

  Create a risk information sheet

Assignment: The Stevens Company is converting from the SQL Server database to the Oracle database.  Using the sample shown below, create a Risk Information Sheet for at least two risks that might be encountered during the conversion

  How might institute protocols to ensure risk management

Discuss how one might institute protocols to ensure risk management and program management are inseparable disciplines in the design and engineering of systems.

  How are implied volatilities used to quote options prices

Why and how are implied volatilities used to quote options prices? Can implied volatilities be expected to vary for options on the same stock with the same expiration but different exercise prices?

  Describe and explain how you will measure this indicator

For each indicator, include the following information: Indicator - Describe the indicator. Rationale - Explain why this indicator is suitable for the high-risk area you have chosen. Measurement - Describe and explain how you will measure this indi..

  Discuss the issues in terms of professional ethics

The new IH is offended by all the changes and considers her professionalism violated because of not being allowed to work autonomously. Discuss the issues in terms of professional ethics.

  Discuss the threats to security that are unique to banks

Discuss the threats to security that are unique to banks and financial institutions. Outline unique security measures that must be implemented to prevent and reduce loss of financial assets.

  What are the limitations of applying modern portfolio theory

Explain how the main tenets of the Markowitz Portfolio Theorem are applied in credit risk management. What are the limitations of applying Modern Portfolio Theory (MPT), especially in credit portfolios?

  Write an article for an him newsletter

Write an article for an HIM newsletter for your facility describing the importance of the Risk management department to coding compliance

  Application of the concepts and techniques

Provide a preliminary list of references you intend to consult to support your entire project. In total, your outline should consist of major headings and bullet points and should be 200-500 words in length - you should begin by working with the ap..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd