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- information refers to a market where one side (either the buyer or theseller, but usually the buyer) has less information than the other side of themarket. When there is asymmetric information in a market, markets are inefficientbecause the side with less information doesn't want to take the risk involved inbuying (or selling) the good or service.One method of solving this problem is through screening. Screening is a strategyone uses when they don't have information. A screen can be any indicator thatlets the screener know if the good or service is reliable and will meet thescreener's wants.Offer an example of when you used screening to solve a lack ofinformation. What kind of screen did you use?• Was the screen effective? Were you happy with the result?When I took the PRCA my scores were much high than the other two tests and I know that this test is essentially showing what my communication apprehension is like and I think that the reason that this test is much lower scored than all the others is because im just not really a communicative person. I do tend to find it at times hard to work with people and many times I would just much rather be tasked with doing something myself so I can get it done my way and I feel like that is just much more of an effective way for me to work on something. And knowing that I am already this way with people that are from a similar background with me then I am more inclined to not work well with people who are more different than that. I'm not unable to work with people I just prefer to work alone. And I had once worked with someone from a different cultural background and It just wasn't for me because I couldn't really understand them through their accent very well and it would frustrate me because…ADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them. What will happen to the costs of the health insurance if only the older, sicker peopleenroll?
- which of the following is the correct interpretation of the multicollinearity test?When a new machine is functioning properly, only 6% of the items produced are defective. Assume that we will randomly select two parts produced on the machine and that we are interested in the number of defective parts found. (a) Describe the conditions under which this situation would be a binomial experiment. (Select all that apply.) For each part selected, the probability of a defective part being produced must be 0.06. The parts must be selected independently. The selection of a part is dependent on the first part selected. The number of successes and failures in this experiment are equal. The probability of choosing a part that is defective must be 0.94. (b) Draw a tree diagram similar to this section's example showing this problem as a two-trial experiment. Tree Diagram Description ---Select--- ---Select--- ---Select--- ---Select--- Not Defective Defective ---Select--- Not Defective ---Select--- ---Select--- O O O 0 OData 1:*2008 and 2013 National Demographic Health Survey showed that the percentage of womenage 15- 19 who had a live birth or is pregnant with first child had increased from 9.9% - 10.1% inthe country.*In Region 1, the percentage of women age fifteen 15 - 24 who havebegun childbearing also increased from 26% - 29%. This was attributed to the following riskybehaviors identified by the adolescents during the Regional Adolescent Congress: Early sex,Substance abuse, Pornography, VAWC (rape case), Fraternities (bad gangs) & Prostitution. Questions:1. What is the impact of the given data to mortality and morbidity rate of adolescent population? 2. What is the impact of the given data to mortality and morbidity rate of neonatal population? 3. Give at least 3 social determinants of health which are contributory factors leading to the datapresented and justify..
- question has more than one true answerQUESTION 2 In a survey of 1,954 collphone owners, adults aged'18 and over, 743 reported that they use their phone to koep themselves occupied during commercials or breoks in something they were watching on tolovision, whilo 430 used their phone to check whether something thoy heard on television is true Construct a 90 contidence interval estmate for the poputation proportion of adult cellphorne owners who report that they use thor phone to check whether somethig they heard on television was true What s the margn of enor? Lowor imit Upper limit Margn of orror . Hint. Use PHStat and answers should be accurate to 4 decimal places.Two students have been called to their instructor's office. During the midterm exam, the instructor believes that the students were cheating. The instructor, though, only has evidence for one question. The students are told if neither of them confess, then they will be suspended for two weeks. If one confesses on the other they will go free and their friend will be suspended for 10 weeks. However, if both confess then they will each be suspended for 5 weeks. If both students play a dominant strategy, what will happen. Neither student confesses. Both students confess. Student 1 confesses on student 2.
- A master student interested in pursuing a PhD is deciding between two courses: advanced game theory x = A and introduction to game theory x = I. The student can be one of two types: 0= L or 0= H. The PhD admission officer can observe the courses chosen by the student x = {A, I} but not the type of the student 0. Before observing the course chosen by the student, she believes both types are equally likely. She admits students only if she is sure that they are type 0 = H (that is if she believes P(0 = H|x) = 1). The student gets 10 units of utility from being admitted to a PhD and 0 units if not admitted, and pays costs c(0) if she chooses advanced game theory and costs 0 if she chooses introduction to game theory. We assume that c(H) = 0 < c(L) = 15. 1) Is there a separating equilibrium in the game above? If so, what are the equilibrium strategies of the candidate and the admission officer, and what are the beliefs of the admission officer? What constraints need to be satisfied?A master student interested in pursuing a PhD is deciding between two courses: advanced game theory x = A and introduction to game theory x = I. The student can be one of two types: 0 = L or 0 = H. The PhD admission officer can observe the courses chosen by the student x = {A, I} but not the type of the student 0. Before observing the course chosen by the student, she believes both types are equally likely. She admits students only if she is sure that they are type 0 = H (that is if she believes P(0 = H|x) = 1). The student gets 10 units of utility from being admitted to a PhD and 0 units if not admitted, and pays costs c(0) if she chooses advanced game theory and costs 0 if she chooses introduction to game theory. We assume that c(H) = 0 < c(L) = 15. 1) What is a separating equilibrium? What does it mean in the game above? 2) What is a pooling equilibrium? What does it mean in the game above?Venture capital (VC) firms are pools of private capital that typically invest in small, fast-growing companies that can't raise funds through other means. In exchange for this financing, VCs receive a share of a company's equity, and the founders of the firm typically stay on and continue to manage the company. The incentive conflict is between the managers, who are the , and venture capitalists, who are the . VC investments have two typical components: (1) managers maintain some ownership in the company and often earn additional equity if the company performs well; (2) VCs demand seats on the company's board. Placing VCs on the company's board serves to decision-making authority.