Question

Calculate the average Budget across the four quarters.

Next year, it is estimated that there will be an average
budget of £6,032 per quarter. How much more is this, as a
percentage?
6,500
5,500
4,500
3,500
2,500
1.500
Budget and Project Costs
(£GBP)
5,623
1,670
Quarter 1
5,892
1,903
Quarter 2
Costs
6,382
2,104
Quarter 3
Budget
Q Search
5,325
1,790
Quarter 4
a
Please select the correct answer from the options
shown.

a. 2.9%
b. 3.1%
c. 3.7%
d. 3.9%

Answer 1

d

Explanation:

To calculate the average budget across the four quarters, we need to add the budget for each quarter and divide by 4:

Average budget = (5623 + 5892 + 6382 + 5325) / 4 = 5805.5

Next year's estimated budget is £6,032 per quarter.

To calculate the percentage difference, we can use the following formula:

Percentage difference = (new value - old value) / old value x 100%

Percentage difference = (6032 - 5805.5) / 5805.5 x 100% = 3.9%

Therefore, the answer is (d) 3.9%.