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Health insurers are beginning to offer telemedicine services online that replace the common office visit. Well point provides a video service that allows subscribers to connect with a physician online and receive prescribed treatments (Bloomberg Business week (March 4 – March 9, 2014). Well point claims that users of its Live Health Online service saved a significant amount of money on a typical visit. The data shown below ($), for a sample of 20 online doctor visits, are consistent with the savings per visit reported by Well point. Assuming the population is roughly symmetric, construct a 95% confidence interval for the mean savings for a televisit to the doctor as opposed to an office visit (to 2 decimals). 95% confidence interval: $______ to $_______per visit
What category pf civil litigation constituted the highest percentage of lawsuit in 1980? Which category grew the most? Which category basically fell to zero? Personal injury, tax, condemnation, accounts / contracts / notes, reciprocals / urea, divorc..
A small consulting firm is only interested in hiring College graduates (denoted by S), but it does not know how many it should hire in order to be profit maximizing. Assume there is a competitive wage of $20 per hour and the production function is F(..
In a zero-sum game
If a pharmaceutical company knows that one of its products has a dangerous side effect, but does not disclose that to its customers, then the market for that product is likely to fail due to:
How does monetary policy affect the US production and employment? How has the US current economic situation affected you and your family.
In 2010, 40% of all U.S. corn production was used for producing ethanol, while 60% was used for consumption in or as food products. In 2011, a prolonged drought reduced the overall production of corn by 30%, from 10 million bushels to 7 million bushe..
A growing number of businesses—including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains—are feeling the heat from government, the press, and society at large for encouraging harmful consumer ha..
Why does a portion of Chinese residents' expenditures on goods and services exported from the United States to China likely add to the earnings of Chinese firms and those firms' managers and workers?
Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold?
"The demand relationship for the good is P = 25 - 3Q. The supply relationship for the good is P = 5 + Q. Who bears the economic incidence of a tax if there is a $1 per unit tax on the buyer of this good? Who bears the statutory incidence? Who bears t..
Four Seasons Hair Salon is the only women's hair stylist in Lake View. A business consultant has estimated its monthly cost functions as follows: TC = 2000 + 80 Q + 0.05 Q 2 MC = 80 + 0.1 Q The firm is faced with the following demand: Qd = 800 - 4 P...
Complete the International Trade Simulation. Elucidate how absolute also comparative advantage was used in your simulation.
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