4. Mr. Lucas referred to a national study of copayment levels. The important results of this study are provided in Exhibit 3.a. Calculate the price elasticity of demand for physician visits at each copayment level using the arc method. What does the data tell you about the price elasticity of demand for physician visits? How does this information help Mr. Fleming in making his decision?undefinedb. Using the six months of data provided in the Excel data file, simulate the profitability of the physician services department if copayments are increased to $20 per visit. Repeat your analysis using a copayment of $25 per visit.Please make sure you read the case and answer the questions based on the case. Also, check slides 8 and 9 to refer your answers to it. Provide charts to each answer to show the work.

Assignment must include these references among others:George, M. L., Rowlands, D., Price, M., & Maxey, J., (2005). The Lean Six Sigma Pocket Toolbook. New York, NY: McGraw-Hill. ISBN: 9780071441193.Hall, J. & Scott, T. (2016). Lean Six Sigma: A Beginners Guide to Understanding and Practicing Lean Six Sigma. Columbia, SC: CreateSpace Receiving. ISBN: 9781541059559.Keller, T. (with Alsdorf, K. L.) (2012). Every Good Endeavor. New York, NY: E.P. Dutton. ISBN: 9780525952701.Yin, R. K. (2018). Case Study Research and Applications: Design and Methods, (6th edition). Los Angeles, CA: Sage Publications, Inc. ISBN: 9781506336169.

Performance Evaluation and ManagementCourse Outcomes explored in this module:Differentiate between the terms performance management and performance evaluation.Analyze various types of rating errors that can occur in performance evaluation programs.Compare the advantages of various performance evaluation techniques.Examine the 360-degree feedback system’s potential strength and problems.Describe the process of feedback review and the skills required for it.In order to accomplish this assignment you will need to complete the following research:Watch Performance Review Fundamentals (2hs.20m)Watch Leading Productive One-on-One Meetings (25m)Complete the Employee Evaluation Assignment. (See Example in Important Documents)Purpose: The purpose is to examine the different aspects of evaluating employees.Each company is different and has different needs. What does your company need out of your employees? You will create an employee evaluation for a member of your company. The employee evaluation is a key measure of performance.You must include these elements: - A description and layout for inputting the employee name, date of evaluation, and name of reviewer; - 5-8 Core competencies with a description for each in a chart form with area to score the employee; - An employee strengths section; - An opportunities for improvement area - An employee comments area; and - Signature lines for employee and manager.Upload your task in one Word file.