Question

The cost per housenold () for various benefit programs for a particular group of people in a Cost ($) 150,657 13,188 22,090 284.886 Category Civil servant retirement Ho Compute the percentage of values in each category. b. What conclusions can you reach concerning the benefit programs? Medicare Military retirement Social Security Other 8,440 a. Complete the table below. Cost per Household (S) Category Percentage (%) Civil servant retirement 150,657 % 13,188 Medicare Military retirement 22,090 Social Security 284,886 % % Other 8.440 (Round to two decimal places as needed.)

Answer 1

Answer

(A) total = 150657+13188+22090+284886+8440

= 479261

% of civil servant = (individual value/total)*100

= (150657/479261)*100

= 31.44%

% of Medicare = (individual value/total)*100

= (13188/479261)*100

= 2.75%

% of military = (individual value/total)*100

= (22090/479261)*100

= 4.61%

% of social security = (individual value/total)*100

= (284886/479261)*100

= 59.44%

% of other = (individual value/total)*100

= (8440/479261)*100

= 1.76%

(B) Looking at the percentage in the above table, we can conclude that maximum amount of cost per household is for social security benefit program because it has 59.44% of the total cost.