The Local Amusement Park Was Interested in the Average Wait

question 107

Multiple Choice

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 65th percentile?

• A) 99
• B) 120
• C) 130
• D) 112
• E) 45

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Definitions:

Maximize Sales Potential

Maximizing sales potential involves strategies and efforts put in place by organizations or individuals to increase the likelihood of selling a product or service to its full capability or market opportunity.

Geographic Boundaries

The defined physical perimeters that delineate specific areas or regions, often influencing market reach and business operations.

Marketing Mix

The four main elements used by a marketing manager to market goods and services. These elements are product, price, distribution or place, and promotion.

Time Management Skill

The ability to use one's time effectively or productively, especially at work.