According to a Hospital Administrator,historical Records Over the Past 10

question 106

Multiple Choice

According to a hospital administrator,historical records over the past 10 years have shown that 20% of the major surgery patients are dissatisfied with after-surgery care in the hospital.A scientific poll based on 400 hospital patients has just been conducted. What is the probability that at least 70 patients will not be satisfied with the after-surgery care?

• A)89.44%
• B)39.44%
• C)10.56%
• D)78.88%
• E)84.49%

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Definitions:

Mark-up

The margin calculated by subtracting the cost of a product or service from its sale price, then dividing by the cost, expressed as a percentage.

Retail Price

The price at which goods are sold to the public, typically higher than the wholesale price.

Mark-up

Increment on the buying price of products targeted to offset operational costs and profits.

Selling Price

The price at which a product or service is sold to the consumer.