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bachelor in business administration
Polytechnic State University Sanluis Jan-2006 - Nov-2010
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Polytechnic State University Jan-2012 - Nov-2016
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Harvard Square Academy (HS2) Mar-2012 - Present
Category > AccountingPosted 20 May 2017My Price7.00
Cost-to-charge ratio
5.40 ● Cost-to-charge ratio (the percentage of the amount billed that represents the actual cost) for inpatient and out- patient services at 11 Oregon hospitals is shown in the fol- lowing table (Oregon Department of Health Services, 2002). A scatterplot of the data is also shown.
Cost-to-Charge Ratio Outpatient Inpatient
Hospital Care Care
1 62 80
2 66 76
3 63 75
4 51 62
5 75 100
6 65 88
7 56 64
8 45 50
9 48 54
10 71 83
11 54 100
Inpatient
100
90
80
70
60
50
tion? Justify your answer.
d. Is the observation for Hospital 5 an outlier? Explain.
Inpatient