The Following Data Represent the Ages (In Years) of a Sample

question 95

Essay

The following data represent the ages (in years) of a sample of 25 employees from a government
department: $$\begin{array} { | l | l | l | l | l | l | l | l | l | l | } \hline 31 & 43 & 56 & 23 & 49 & 42 & 33 & 61 & 44 & 28 \\\hline 48 & 38 & 44 & 35 & 40 & 64 & 52 & 42 & 47 & 39 \\\hline 53 & 27 & 36 & 35 & 20 & & & & & \\\hline\end{array}$$ Calculate the 4th decile of the data.

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Definitions:

Rule of Reason

A legal doctrine used to determine if a business practice is anticompetitive under antitrust laws.

Relevant Market

The market in which a particular product or service competes, considering both geographic reach and product or service interchangeability.

European Union

A political and economic union of 27 European countries that are located primarily in Europe.

Antitrust

Laws and regulations designed to promote competition and prevent monopolies or unfair business practices that harm consumers or the market.