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-Refer to above figure :Saint Mar's Hospital evaluated their after-surgery complication data for the previous 6 months. Of the 88 patients who had surgery, the following complications were found. What is the complication rate for infections?
Weighted Average
A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to some numbers more than others.
Unit Contribution Margin
The difference between the selling price per unit and the variable cost per unit.
Margin of Safety
The difference between actual or projected sales and the break-even point; it measures the amount by which sales can drop before reaching the break-even point.
Profit-Volume Chart
A graphical representation that shows the relationship between a firm's profits and its volume of sales.
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