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Accountants use the term budget lapsing to describe the situation that occurs when unspent funds do not carry over from one budgeting period to the next. Due to budget lapsing, a certain nation's army hospitals tend to stockpile pharmaceuticals and other supplies toward the end of the fiscal year, leading to a spike in expenditures. This phenomenon was investigated by a research company. Data on expenses per full-time equivalent employees for a sample of 1,569 of these hospitals yielded the summary statistics shown below. Complete parts a through c. x= $6,022 m = $5,702 s= $2,580 QL = 54,736 Qu = $6,672 a. Interpret, practically, the measures of relative standing. O A. Therefore, 25% of expenditures are less than $2,580, 50% of expenditures are less than $6,022, and 75% of expenditures are less than $6.672. O B. Therefore, 25% of expenditures are greater than $4,736, 50% of expenditures are greater than $6.022, and 75% of expenditures are greater than $6,672. OC. Therefore, 25% of expenditures are less than S4,736, 50% of expenditures are less than $5,702, and 75% of expenditures are less than S6,672. O D. Therefore, 25% of expenditures are greater than $4,736, 50% of expenditures are greater than $5,702, and 75% of expenditures are greater than $6,672. b. Compute the interquartile range, IQR, for the data. IQR = S (Simplify your answer.) c. What proportion of these 1,569 hospitals have expenses between $4,736 and $6,672? Type an integer or a decimal.)

Accountants use the term budget lapsing to describe the situation that occurs when unspent funds do not carry over from one budgeting period to the next. Due to budget lapsing, a certain nation's army hospitals tend to stockpile pharmaceuticals and other supplies toward the end of the fiscal year, leading to a spike in expenditures. This phenomenon was investigated by a research company. Data on expenses per full-time equivalent employees for a sample of 1,569 of these hospitals yielded the summary statistics shown below. Complete parts a through c. x= $6,022 m = $5,702 s= $2,580 QL = 54,736 Qu = $6,672 a. Interpret, practically, the measures of relative standing. O A. Therefore, 25% of expenditures are less than $2,580, 50% of expenditures are less than $6,022, and 75% of expenditures are less than $6.672. O B. Therefore, 25% of expenditures are greater than $4,736, 50% of expenditures are greater than $6.022, and 75% of expenditures are greater than $6,672. OC. Therefore, 25% of expenditures are less than S4,736, 50% of expenditures are less than $5,702, and 75% of expenditures are less than S6,672. O D. Therefore, 25% of expenditures are greater than $4,736, 50% of expenditures are greater than $5,702, and 75% of expenditures are greater than $6,672. b. Compute the interquartile range, IQR, for the data. IQR = S (Simplify your answer.) c. What proportion of these 1,569 hospitals have expenses between $4,736 and $6,672? Type an integer or a decimal.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Accountants use the term budget lapsing to describe the situation that occurs when unspent funds do not carry over from one budgeting period to the next. Due to budget lapsing, a certain nation's army hospitals tend to stockpile pharmaceuticals and other supplies toward the end of the fiscal year, leading to a spike in expenditures. This phenomenon was investigated by a research company. Data on expenses per full-time equivalent employees for a sample of 1,569 of these hospitals yielded the summary statistics shown below. Complete parts a through c. x= $6,022 m = $5,702 s= $2,580 QL = 54,736 Qu = $6,672 a. Interpret, practically, the measures of relative standing. O A. Therefore, 25% of expenditures are less than $2,580, 50% of expenditures are less than $6,022, and 75% of expenditures are less than $6.672. O B. Therefore, 25% of expenditures are greater than $4,736, 50% of expenditures are greater than $6.022, and 75% of expenditures are greater than $6,672. OC. Therefore, 25% of expenditures are less than S4,736, 50% of expenditures are less than $5,702, and 75% of expenditures are less than S6,672. O D. Therefore, 25% of expenditures are greater than $4,736, 50% of expenditures are greater than $5,702, and 75% of expenditures are greater than $6,672. b. Compute the interquartile range, IQR, for the data. IQR = S (Simplify your answer.) c. What proportion of these 1,569 hospitals have expenses between $4,736 and $6,672? Type an integer or a decimal.)
Transcribed Image Text:Accountants use the term budget lapsing to describe the situation that occurs when unspent funds do not carry over from one budgeting period to the next. Due to budget lapsing, a certain nation's army hospitals tend to stockpile pharmaceuticals and other supplies toward the end of the fiscal year, leading to a spike in expenditures. This phenomenon was investigated by a research company. Data on expenses per full-time equivalent employees for a sample of 1,569 of these hospitals yielded the summary statistics shown below. Complete parts a through c. x= $6,022 m = $5,702 s= $2,580 QL = 54,736 Qu = $6,672 a. Interpret, practically, the measures of relative standing. O A. Therefore, 25% of expenditures are less than $2,580, 50% of expenditures are less than $6,022, and 75% of expenditures are less than $6.672. O B. Therefore, 25% of expenditures are greater than $4,736, 50% of expenditures are greater than $6.022, and 75% of expenditures are greater than $6,672. OC. Therefore, 25% of expenditures are less than S4,736, 50% of expenditures are less than $5,702, and 75% of expenditures are less than S6,672. O D. Therefore, 25% of expenditures are greater than $4,736, 50% of expenditures are greater than $5,702, and 75% of expenditures are greater than $6,672. b. Compute the interquartile range, IQR, for the data. IQR = S (Simplify your answer.) c. What proportion of these 1,569 hospitals have expenses between $4,736 and $6,672? Type an integer or a decimal.)
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