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Bluebonnet Electric Cooperative, Inc. is a non-profit rural electric utility cooperative headquartered in Bastrop, Texas, with suboffices in Giddings, Brenham, Lockhart, and Manor. The Cooperative was organized in 1939 as the Lower Colorado River Electric Cooperative. In order to avoid confusion with the Lower Colorado River Authority, the organization changed its name in 1964. In 2007 as a part of a Cooperative wide restructuring plan, BEC's headquarters were moved from Giddings to a location near Bastrop, near the site of LCRA's Sim Gideon Power Plant. Additionally the two service centers in Bastrop and Lockhart were merged into one larger service center which relocated to a more central location in Red Rock, Texas. The Cooperative serves portions of 14 counties in the state of Texas, in a territory generally east of Austin. External links [ edit | edit source] Bluebonnet Electric Cooperative Template:Co-operatives

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Thus by giving up the opportunity cost of the upside of Chegg Inc beyond $40, ABC Bank succeeded in generating Income. Example 7 – Bank related D ecision Another example relates to the decision of a Bank related to accepting or rejecting Credit Applicants. Let's understand the same Rancoft Bank in Chicago is evaluating whether to set its cutoff FICO score of 680 to approve or reject credit facilities to the pool of applicants. The Bank in the past has advanced credit facilities with a cutoff score of 660 and observed 20% accounting turning bad at a later date. As per Bank estimates by increasing the cut-off score to 680, it estimates losing a good pool of applicants with an estimated business loss of $250000 while a reduction in its Bad Account from earlier 20% to 5%. Thus, if Rancoft Bank decides to increase its cutoff FICO score from 660 to 680 it will succeed in reducing its Bad Accounts count to 5% from the erstwhile 20%, however, the Opportunity Cost of such a decision is the business loss of $250000.

There are two ways of looking at this: 1. Statistics / numerical analysis / data science is a lot harder than you, the reader of this blog, might think. 2. Academia, like any other working environment, is full of prominent, successful, well-connected bluffers. Someone sent me this: and this followup: I clicked around a bit, and there was a lot of appropriate distress this this sort of bad statistical analysis was being done at the highest levels of government. But here I want to focus on something else, which is the general level of mediocrity, even at the top levels of academia. When he is not "A/Chairman @WhiteHouseCEA, " the author of the above tweet is a tenured professor of public policy: In his tweet, Philipson introduces the useful concept of "economist turned political hack. " My problem here is not whether Philipson is a hack but rather that someone can reach the heights of academia and government while being so ignorant as to think that this above curve fit could be a good idea.

Mon, 12 Apr 2021 18:28:46 +0000