From Title: The Future of Health Care: Meeting of the Mind:  By Steven Nissen The Cleveland Clinic

Economic Dynamic of Health Care Delivery Models

Regulatory, Legal, Ethical, and Accreditation Issues in Research

1.    The following observations are DDT concentrations in the blood of 20 people:

24       26       30       35       35       38       39       40       40       41                   42       52       56       58       61       75       79            88       102     42

                        a. Construct the normal probability plot and comment on the                                          appropriateness of a normal probability model. Any outliers?

b. Assuming that the sample is representative for the population at large, what is the probability that a person selected at random has the DDT concentration in blood greater than 50?

2.    Determine the values z that separates the largest 3% of all the z values from the others and the smallest 3% of all the z values from the others. What can you say about these z values?

3.    In many cases the data does not follow a normal distribution closely enough to be able to make reasonably correct references using the relationship of the data with the standard normal distribution. Among the many proposed courses of action, transforming the data to get it closer to a normal distribution is quite often the method of choice. One such transformation requires to replace the each data point by its square root and perform the analysis on the transformed data.

In the following example, determine the normality of the original data, then convert the data points to their square roots and determine the normality of the transformed data. (plot Normal Probability Plots). Did the transformation have any effect on the normality of the data.

Data:

32       47       52       59       77       81       81       90       96       118     120     120     131 135         143     151     62       174     187     189     195            205     210     220     248   281 300           309     337     475                

Question 1

Suppose you want to develop a new measure for student motivation. Suggest ways in which you would develop the measure to ensure it is reliable and valid.

Your response should be at least 200 words in length.

Question 2

Describe the differences between industrial psychology and organizational psychology, and give examples of activities that fall under each. Describe the current state of the field of I/O psychology in other countries.

Your response should be at least 200 words in length.

Question 3

Compare and contrast the role of an I/O professor with that of a practicing I/O psychologist. What activities do they share in common? What distinguishes the two professions from each other?

Your response should be at least 200 words in length.

Question 4

Describe the Hawthorne studies. What did the researchers find? What is the Hawthorne effect? Have you ever experienced or observed the Hawthorne effect in action (please explain)?

Your response should be at least 200 words in length.

Question 5

Describe the role of research in I/O psychology. What research methods do I/O psychologists use, and what are the benefits and drawbacks of each approach?

Your response should be at least 200 words in length.

Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie frozen, microwavable food company operates.

Use the Internet to research two (2) of the leading competitors in the low-calorie frozen, microwavable food industry, and take note of their pricing strategies, profitability, and their relationships within the industry (worldwide).

Write a six to eight (6-8) page paper in which you:

1. Outline a plan that will assess the effectiveness of the market structure for the company’s operations. Note: In Assignment 1, the assumption was that the market structure [or selling environment] was perfectly competitive and that the equilibrium price was to be determined by setting QD equal to QS. You are now aware of recent changes in the selling environment that suggest an imperfectly competitive market where your firm now has substantial market power in setting its own “optimal” price.
2. Given that business operations have changed from the market structure specified in the original scenario in Assignment 1, determine two (2) likely factors that might have caused the change. Predict the primary manner in which this change would likely impact business operations in the new market environment.
3. Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.

TC = 160,000,000 + 100Q + 0.0063212Q2
VC = 100Q + 0.0063212Q2
MC= 100 + 0.0126424Q

1. Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response. (Hint: Your firm’s price must cover average variable costs in the short run and average total costs in the long run to continue operations.)
2. Suggest one (1) pricing policy that will enable your low-calorie, frozen microwavable food company to maximize profits. Provide a rationale for your suggestion.

(Hints:

• In Assignment 1, you determined your firm’s market demand equation. Now you need to find the inverse demand equation. Having found that, find the Total Revenue function for your firm (TR is P x Q). From your firm’s Total Revenue function, then find your Marginal Revenue (MR) function.
• Use the profit maximization rule MR = MC to determine your optimal price and optimal output level now that you have market power. Compare these values with the values you generated in Assignment 1. Determine whether your price higher is or lower.)

1. Outline a plan, based on the information provided in the scenario, which the company could use in order to evaluate its financial performance. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term, and the fundamental manner in which each factor influences managerial decisions.

(Hints:

• Calculate profit in the short run by using the price and output levels you generated in part 5. Optional: You may want to compare this to what profit would have been in Assignment 1 using the cost function provided here.
• Calculate profit in the long run by using the output level you generated in part 5 and cost data in part 3 and assuming that the selling environment will likely be very competitive. Determine why this would be a valid assumption.)

1. Recommend two (2) actions that the company could take in order to improve its profitability and deliver more value to its stakeholders. Outline, in brief, a plan to implement your recommendations.
2. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia does not qualify as an academic resource.