Sawyer Scored at the 40th Percentile on the Mathematical Component

question 100

Multiple Choice

Sawyer scored at the 40th percentile on the mathematical component of the ACT Assessment. This means that, for the mathematical section of the ACT,

• A) he incorrectly answered 40% of the questions on the exam.
• B) he obtained a raw score of 40.
• C) he scored higher than 60% of the sample used to establish the test norms.
• D) he scored lower than 60% of the sample used to establish the test norms.

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Definitions:

Accrual Accounting

A method in accounting where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.

Payback Method

A capital budgeting technique that calculates the time needed to recoup the initial investment in a project.

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Accrual Return

The return on investment that is recognized in financial statements before any cash changes hands.