MASS, START, and SALT Are All Algorithm-Based Systems Used to Assist

question 51

Multiple Choice

MASS, START, and SALT are all algorithm-based systems used to assist with which of the following during an emergency?

• A) Triage
• B) Evacuation
• C) Sheltering
• D) Recovery

Distinguish between the economic outcomes of setting prices at marginal cost versus average cost for natural monopolies.

Understand the relationship between economies of scale, natural monopolies, and market regulation.

Describe how price discrimination practices can be enabled by data collection and the implications for market efficiency and consumer welfare.

Discuss the historical context and implications of monopoly practices, including government-granted monopolies.

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Definitions:

Test Statistic

A numerical value calculated from a statistical test's sample data, used to determine whether to reject the null hypothesis in the context of the test.

P-value

A measure in statistics that helps to determine the strength of the results in hypothesis testing, indicating the probability of observing data at least as extreme as the data actually observed, under the assumption that the null hypothesis is true.

Standardized Test

A test administered and scored in a consistent manner to ensure uniformity across different test takers or groups.

Test Statistic

A calculated value from sample data used to make decisions about the validity of a hypothesis.