18 Charity Navigator is America’s leading independent charity evaluator. The following data show the total expenses (, the percentage of the total budget spent on administrative expenses, the percentage spent on fundraising, and the percentage spent on program expenses for supersized charities (Charity Navigator website). Administrative expenses include overhead, administrative staff and associated costs, and organizational meetings. Fundraising expenses are what a charity spends to raise money, and program expenses are what the charity spends on the programs and services it exists to deliver. The sum of the three percentages does not add to because of rounding. Do not round your intermediate calculations.
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- Otitis media, or middle ear infection, is initially treated with an antibiotic. Researchers have compared two antibiotics, A and B, for their cost effectiveness. A is inexpensive, safe, and effective. B is also safe. However, it is considerably more expensive and it is generally more effective. Use the tree diagram to the right (where the costs are estimated as the total cost of medication, office visit, ear check, and hours of lost work) to answer the following. a. Find the expected cost of using each antibiotic to treat a middle ear infection. 0.75 , Cure $59.30 A 0.25 No cure $96.15 0.85, Cure $69.15 No cure $106.00 0.15 b. To minimize the total expected cost, which antibiotic should be chosen? a. The expected cost of using antibiotic A is $ (Round to the nearest cent as needed.)arrow_forwardIn an attempt to asses total daily travel taxes in various cities, the Global Business Travel Association conducted a study of daily travel taxes on lodging, rental cars, and mealsarrow_forwardPavanarrow_forward
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