Assignment: Fee Setting Exercise 11.1 The government benefits seminar for children and families was a major success‚ so Advocates for Children will carry out a similar seminar in a nearby town. The executive director has decided that this second seminar should make the highest possible amount of money. For this reason‚ they will not offer a reduced fee schedule‚ and all attendees must pay the entire fee. This seminar will happen in a smaller room than the first one did‚ which can only leave
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Fee Setting Assignment Candace Fralix February 18‚ 2011 HSM/260 Proposed Seminar Budget 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental 75.00 3. 4 presenters @ $500 2‚000.00 4. 45 workbooks @ $15 675.00 5. 45 lunches @ $12 540.00 6. 45 coffees @ $3.50 158.00 Subtotal $3‚623.00 7. Indirect costs @ 25% of $3‚675.00 $ 906.00 Subtotal $4‚529.00 8. Profit margin @ 5% of $4‚594.00 $ 227.00 Total $4‚756.00 Fixed Cost Conference
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Fee Setting Fee Setting Fee Setting Assignment Candace Fralix February 18‚ 2011 HSM/260 Proposed Seminar Budget 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental 75.00 3. 4 presenters @ $500 2‚000.00 4. 45 workbooks @ $15 675.00 5. 45 lunches @ $12 540.00 6. 45 coffees @ $3.50 158.00 Subtotal $3‚623.00 7. Indirect costs @ 25% of $3‚675.00 $ 906.00 Subtotal $4‚529.00 8. Profit margin @ 5% of $4‚594.00 $ 227.00 Total $4‚756.00 Fixed Cost Conference
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Assignment: Fee Setting Exercise 11.1 You are the executive director. Following the checklist in Figure 11.1‚ perform all the computations necessary to set a fee. What will your fee be? What is your break-even point? What is your go/no-go decision point? Fixed Costs 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental 75.00 3. 4 presenters @ $500 2‚000.00 4. Indirect costs @ 25% of $3‚675.00 $ 906.00 5. Profit margin @ 5% of $4
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EXERCISE 11 1. What demographic variables were measured at least at the interval level of measurement? Age (yrs)‚ Income (annual)($)‚ Length of labor (hrs)‚ Return to work (wks)‚ and Number of hours working per week were measured at least at the interval level of measurement 2. What statistics were used to describe the length of labor in this study? Were these appropriate? The variable length of labor were used to describe by ratio data that can be described by using mean‚ range‚ and standard
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Exercise 11 Questions to be graded March 16‚ 2014 1. What demographic variables were measured at least at the interval level of measurements? Age‚ income‚ length of labor‚ return to work‚ and number of hours working per week 2. What statistics were used to describe the length of labor in the study? Were these appropriate? Mean and standard deviation were used to describe the length of labor. Yes‚ these were appropriate because a mean (M) can only be used to calculate on interval (and
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Exercises11 & 16 Grand Canyon University Complete Exercises 11 and 16 in Statistics for Health Care Research: A Practical Workbook‚ and submit as directed by the instructor (e.g.‚ as a Microsoft Word document in the LoudCloud classroom). In order to receive full credit on calculated answers‚ please show your work. (Use Word’s equation editors‚ etc.‚ and/or provide a short written description as to how you obtained the final result.) Exercise 11 (4 points per question) 1. What demographic variables
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1. Age‚ income‚ length of labor‚ return to work and number of hours working per week 2. Mean and standard deviation were used to describe the length of labor. These were appropriate since mean and standard deviation can be calculated on an interval level of measurement. 3. Range could also be used to describe the length of labor since this statistic can be used on interval data with no natural zero point. 4. The distribution of scores was similar for the experimental and control groups for length
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2.) Mrs. Tolstoy and her husband‚ Serge‚ are planning their dream house. The lot for the house sits high on a hill with a beautiful view of the Appalachian Mountains. The plans for the house show the size of the house to be 2‚900 square feet. The average price for a lot and house similar to this one has been $120 per square foot. Fortunately‚ Serge is a retired plumber and feels he can save money by installing the plumbing himself. Mrs. Tolstoy feels she can take care of the interior decorating
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Name: Suma Pole Class: 362V (Work book Exercises 11 and 16) 06/12/15 Exercise 11: Using Statistics to Describe a Study sample. 1. What demographic variables were measured at the interval level of measurements? Age‚ Income‚ Length of labor‚ Return to work and number of hours working per week. 2. What statistics were used to describe the length of labor in this study? Mean and standard deviation were used to describe the length of labor. These were appropriate since mean and standard deviation can
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