If a Value Represents the 95^th Percentile,this Means That 95

question 38

Multiple Choice

If a value represents the 95^th percentile,this means that 95% of all values in the data set are _____this value.

• A)less than or equal to
• B)greater than
• C)less than
• D)greater than or equal to
• E)different than

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Definitions:

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, and other assets.

Schedule D

Schedule D is a tax form used to report capital gains or losses from the sale of capital assets, including stocks, bonds, and real estate.

Average Cost

A method of calculating the cost of inventories based on the average cost of all similar goods available during the period.

Adjusted Basis

The original cost of a property plus improvements, less any depreciation taken, used in calculating capital gains or losses for tax purposes.