Questions from Cost Accounting

Q: The prevalence of a disease among a certain population is 0.

The prevalence of a disease among a certain population is 0.40. That is, there is a 40 percent chance that a person randomly selected from the population will have the disease. An imperfect test that...

Q: In exercise (3) the optimal strategy involved testing. Does

In exercise (3) the optimal strategy involved testing. Does testing remain optimal if the prevalence of the disease in the population is only .05? Does your answer suggest any general principle? Data...

Q: (Use of a instructor-provided spreadsheet recommended for parts a

(Use of a instructor-provided spreadsheet recommended for parts a through e, and necessary for part f) A town with a population of 164,250 persons who live in 39,050 households is considering introduc...

Q: What information would be needed to estimate the net benefits of a

What information would be needed to estimate the net benefits of a state-wide Alzheimer's disease screening program for 65 year olds?

Q: Imagine that the net present value of a hydroelectric plant with

Imagine that the net present value of a hydroelectric plant with a life of 70 years is $25.73 million and that the net present value of a thermal electric plant with a life of 35 years is $18.77 mill...

Q: A large rural county is considering establishing a medical transport unit that

A large rural county is considering establishing a medical transport unit that would use helicopters to fly emergency medical cases to hospitals. Analysts have attempted to estimate the benefits from...

Q: Imagine that we want to value a cultural festival from the point

Imagine that we want to value a cultural festival from the point of view of a risk-averse person. The person’s utility is given by U (I) where $I is her income. She has a 50 percent chance of being ab...

Q: Imagine a wilderness area of 200 square miles in the Rocky Mountains

Imagine a wilderness area of 200 square miles in the Rocky Mountains. How would you expect each of the following factors to affect people’s total willingness to pay for its preservation? a. The size...

Q: An analyst wishing to estimate the benefits of preserving a wetland has

An analyst wishing to estimate the benefits of preserving a wetland has combined information obtained from two methods. First, she surveyed those who visited the wetland - fishers, duck hunters, and b...

Q: Consider a government training program that provides low-skilled men job

Consider a government training program that provides low-skilled men job-specific training. To evaluate this program, members of the target population were randomly assigned to either a treatment grou...