use the term budget lapsing to describe the stuation that oocurs when unspent fu
ID: 3039958 • Letter: U
Question
use the term budget lapsing to describe the stuation that oocurs when unspent funds do not carry over from one end to pharmaceuticals and other supplies toward the end of the fiscal year, leading to a spike in expendtures. This phenomenon was employees for a sample of 1,507 of these hospitals yielded the summary statisics shown below. Complete parts a through c x=$6,132 investigated by a research company Data on experses per fuil-ome m=$5.850 ss$2,284 q=$4,878 QU-$6,783 O A. Therefore·25% of expendares are greater than S4,878, 50% of expendtures are greater than $5,850. B. Therefore, 25% of ° C. Therefore, 25% of and 75% of expenditures are gea er than S6.783. and 75% of 75% of are geater than S4878, 50% of expendines are geater tan S6.132. are less than $4,878, 50% of expenditures are less than $5,850, and are less than $6,783 D. Therefore, 25% of esare less than $2.284.50% of expendues are less than S6,132. and % of expenditures are less than S6.783. b. Compute the interquartile range, IQR, for the data (Simplity your answer) ,3 5 7 8 5Explanation / Answer
a) Interpretation: Option C is correct.
b) IQR = QU - QL = 6783 - 4878 = 1905
c) Proportion of hospitals between $4878 and $6783 = 0.50
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