Suppose You Are in the 87th Percentile on a Test

question 65

Multiple Choice

Suppose you are in the 87th percentile on a test. This means

• A)you are among the top 13 students in the class.
• B)87% of the students got a score lower than yours.
• C)you got 87% of the test items correct.
• D)87% of the students got a score higher than yours.

Grasp the technological foundations of digital currencies and the basics of e-commerce security.

Understand different e-commerce marketplace models and their mechanisms.

Recognize and explain the impact of the internet on privacy and security.

Distinguish between various forms of online fraudulent practices and legal implications.

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Definitions:

Rational Decision Maker

An individual or entity that makes decisions by systematically considering the available information, alternatives, and potential outcomes.

Economic Theory

A set of principles and methodologies that economists use to understand, explain, and make predictions about economic processes and behaviors.

Economist's Main Professional Objective

The primary goal of economists is to understand how economies operate and to develop strategies or policies to improve economic welfare and efficiency.

Average Behavior

the typical or mean actions or reactions of a group or individual, serving as a standard or norm for comparing specific behaviors.