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The local amusement park was interested in the average wait time at their most popular roller coaster at the peak park time (2 p.m.) . They selected 13 patrons and had them get in line between 2 and 3 p.m. Each was given a stopwatch to record the time they spent in line. The times recorded were as follows (in minutes) . 118, 124, 108, 116, 99, 120, 148, 118, 119, 121, 45, 130, 118
What is the 90th percentile?
Homogenous
Products, services, or groups that are identical, similar in nature, and indistinguishable from each other in the eyes of the consumer.
Substitute Product
A product or service that consumers can use in place of another to satisfy the same need or desire.
Complementary Product
A product that adds value to another, typically unrelated product when used together.
Energy Drink
A type of beverage containing stimulant compounds, typically caffeine, designed to provide mental and physical stimulation.
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