The cost per household ($) for various benefit programs for a particular group o
ID: 3068076 • Letter: T
Question
The cost per household ($) for various benefit programs for a particular group of people in a given year are shown to the right.
a. Compute the percentage of values in each category.
b. What conclusions can you reach concerning the benefit programs?
Category
Cost per
Household ($)
Civil servant retirement
152,621
Medicare
45,984
Military retirement
38,903
Social Security
283,876
Other
5,809
a. Complete the table below.
Category
Cost per
Household ($)
Percentage (%)
Civil servant retirement
152 comma 621152,621
28.9528.95%
Medicare
45 comma 98445,984
8.728.72%
Military retirement
38 comma 90338,903
7.387.38%
Social Security
283 comma 876283,876
53.8553.85%
Other
5 comma 8095,809
1.11.1%
(Round to two decimal places as needed.)
b. What conclusions can you reach concerning the categories? Select all that apply.
A.
A randomly selected person from this particular group is more likely to receive benefits for
Social SecuritySocial Security
than not.
B.
A randomly selected household from this particular group is not very likely to receive benefits for
MedicareMedicare,
military retirementmilitary retirement,
or other benefits.
C.
All households receive more than half of their total cost of benefits from
Social SecuritySocial Security.
D.
The costs for
Social SecuritySocial Security
constitute more than half of the total benefit program cost, while the costs for
civil servant retirementcivil servant retirement
constitute more than a quarter.
E.
The combined cost for
MedicareMedicare,
military retirementmilitary retirement,
and other benefits constitute less than a quarter of the total benefit program cost.
The cost per household ($) for various benefit programs for a particular group of people in a given year are shown to the right.
a. Compute the percentage of values in each category.
b. What conclusions can you reach concerning the benefit programs?
Category
Cost per
Household ($)
Civil servant retirement
152,621
Medicare
45,984
Military retirement
38,903
Social Security
283,876
Other
5,809
Explanation / Answer
Part b) Answer:
A. A randomly selected person from this particular group is more likely to receive benefits for
Social Security than not.
B. A randomly selected household from this particular group is not very likely to receive benefits for
MedicareMedicare, military retirementmilitary retirement, or other benefits.
D. The costs for Social Security constitute more than half of the total benefit program cost, while the costs for civil servant retirement constitute more than a quarter.
E. The combined cost for Medicare ,military retirement, and other benefits constitute less than a quarter of the total benefit program cost.
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