The following data describe the costs for two pediatric clinics with the same revenue. Calculate the average
Question:
The following data describe the costs for two pediatric clinics with the same revenue. Calculate the average and sample standard deviation of weekly costs. Which clinic is riskier?
Transcribed Image Text:
Week 1 2 3 4 5 6 7 00 8 9 10 11 12 13 14 15 16 17 18 Clinic 1 $21,616 $21,462 $20,812 $19,308 $20,544 $19,712 $18,682 $19,994 $19,359 $19,334 $20,034 $20,283 $19,435 $21,746 $18,419 $19,359 $19,140 $18,721 Clinic 2 $23,041 $19,382 $22,156 $15,757 $21,145 $17,867 $17,767 $16,514 $18,553 $20,330 $20,166 $20,131 $16,275 $16,200 $15,171 $24,460 $21,365 $22,551
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
SOLUTION Part 1 Average The average is given by the summation of all observations divided by the num...View the full answer
Answered By
Anjali Arora
Having the experience of 16 years in providing the best solutions with a proven track record of technical contribution and appreciated for leadership in enhancing team productivity, deliverable quality, and customer satisfaction. Expertise in providing the solution in Computer Science, Management, Accounting, English, Statistics, and Maths.
Also, do website designing and Programming.
Having 7 yrs of Project Management experience.
100% satisfactory answers.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The first two columns of the following table provide a frequency distribution, using limit grouping, for the days to maturity of 40 short-term investments, as found in BARRONS. The third column shows...
-
After establishing the collaboratives goals, Dahlstroms boss asks what contingency factors might influence the Collaboratives plans to reach these goals. Dahlstrom responds that planning contingency...
-
Assume the existence of a database with the following relations: Ingredient (name, calories, cost, containsNuts) Recipe(name, ingredientName, amount) Menu(recipeName, season) which is used by a...
-
The ordinary share capital of PP Ltd (a trading company) is owned 32% by QQ Ltd, 35% by RR Ltd and 23% by SS Ltd. The remaining 10% is owned by various individuals, none of whom own more than 1%. All...
-
In mid-2008, Fresenius, a German manufacturer of dialysis equipment, acquired APP Pharmaceuticals for $4.6 billion. The deal includes an earn-out, under which Fresenius will pay as much as $970...
-
An analyst writes in an economic report that the current phase of the business cycle is characterized by accelerating inflationary pressures and borrowing by companies. The analyst is most likely...
-
Develop the appropriate primary research question to be associated with this design. Develop a hypothetical research scenario that would necessitate the use of the Action Research Approach and a...
-
Outdoor Life manufactures snowboards. Its cost of making 2,000 bindings is as follows: Suppose Lancaster will sell bindings to Outdoor Life for $14 each. Outdoor Life would pay $3 per unit to...
-
Consider a web system for online shopping that will generate an ID for each order. The order ID is a sequence of 7 characters where each char- acter could be either one of the 26 upper case English...
-
Why does reducing cost variation reduce risk? Why does reducing fixed cost reduce risk?
-
Your firm has been sued for $3 million by a supplier for breach of contract. Your lawyers believe that three possible outcomes could occur if the suit goes to trial. One, which the lawyers term...
-
List the eight product variances and the manager most likely responsible for each.
-
How do you show the sequence of messages on a communication diagram?
-
How does the formal system differ from the informal system? How does document analysis help you understand both?
-
Describe the main building blocks for the communication diagram and how they are represented on the model.
-
What kinds of events can lead to state transitions on a behavioral state machine?
-
How do you show that a temporary object is to go out of existence on a sequence diagram?
-
Suppose a linear probability model you have developed finds there are two factors influencing the past bankruptcy behavior of firms: the debt ratio and the profit margin. Based on past bankruptcy...
-
Difference between truncate & delete
-
The Apex Company sold a water softener to Marty Smith. The price of the unit was $350. Marty asked for a deferred payment plan, and a contract was written. Under the contract, the buyer could delay...
-
One thousand dollars is borrowed for one year at an interest rate of 1%per month. If the same sum of money could be borrowed for the same period at an interest rate of 12% per year, how much could be...
-
A sum of money Q will be received 6 years from now. At 5% annual interest the present worth now of Q is $60. At the same interest rate, what would be the value of Q in 10 years?
-
5. (10 pts) Show what is printed by the following program: /* problem 5 */ public class problem5 { public static void main(String[] args) { int j=0, k=0; for (i=3;j 0) { System.out.println (j + " " +...
-
7. (10 pts) Show what is printed by the following program: /* problem 7 */ public class problem? { } public static void main(String[] args) { int x, y, r = 30; String str; } str="Mark Twain"; x=-10;...
-
Linked List (Points: 2.5) 1. Using LinkedList create an menu for user 2. User input order number (e.g. 12 = Coffee, 22 = Taco, 30 = ice cream) 3. Enter order in to LinkedList until user press exit 4....
Study smarter with the SolutionInn App