Exhibit 14.8 The Following Questions Use the Information Below

question 52

Multiple Choice

Exhibit 14.8
The following questions use the information below.
A company needs to buy a new insurance policy. They have three policies to choose from, A, B and C. The policies differ with respect to price, coverage and ease of billing. The company has developed the following AHP tables for price and summary. The other tables are not shown due to space limitations.
-Refer to Exhibit 14.8. What formula should go in cell G15 of the Price worksheet to compute the Consistency Ratio?

• A) =AVERAGE(G11:G13)-3)/(2*0.58)
• B) =AVERAGE(G11:G13)-3)
• C) =AVERAGE(G11:G13))/(2*0.58)
• D) =AVERAGE(G11:G13)-3)/0.58

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Definitions:

Ciliary Body

A ring of tissue behind the iris of the eye, containing muscle that controls the shape of the lens for focusing and produces aqueous humor.

Hyperopia

A vision condition where distant objects are seen more clearly than near objects, often referred to as farsightedness.

Farsightedness

A common vision condition where distant objects are seen more clearly than close ones, also known as hyperopia.

Tonometer

An instrument used to measure the pressure inside the eye, important for diagnosing and monitoring glaucoma.