4. Suppose a hospital is given a grant of 1.5 million dollars from the federal government...
4. Suppose a hospital is given a grant of 1.5 million dollars from the federal government for improvements in care. The managers at the hospital have to determine which departments receive what share of the grant. The following table is a proposed budgetary allocation for each of the main 4 departments at the hospital.
| Department | Proposed share of Grant |
|---|---|
| surgery | $1,020,000.00 |
| Emergency | $255000.00 |
| Pediatrics | $150,000.00 |
| Pharmacy | $75,000.00 |
A) What proportion of the funding will potentially go to the pediatrics department?
B) What proportion of funding will go to all departments other than surgery?
Homework Answers
a)
proportion of the funding will potentially go to the pediatrics
department = 150000/1500000 = 0.1000
b)
proportion of funding will go to all departments other than surgery
= (1500000 - 1020000)/1500000 = 0.3200
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