SOLUTION: Malpractice insurance premiums at Thomas Jefferson University hospital in Philadelphia increased from 8 million in 1998 to 32 million in 2003. Calculate the percent change in malpr
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Question 458212: Malpractice insurance premiums at Thomas Jefferson University hospital in Philadelphia increased from 8 million in 1998 to 32 million in 2003. Calculate the percent change in malpractice insurance premiums over this 5-year period
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Malpractice insurance premiums at Thomas Jefferson University hospital in Philadelphia increased from 8 million in 1998 to 32 million in 2003. Calculate the percent change in malpractice insurance premiums over this 5-year period
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Quantity increase = 32-8 = 24 million
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Percent increase = 24/8 = 3.00 = 300%
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Cheers,
Stan H.
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