For the Distribution in the Following Table, What Is the Percentile

question 27

Multiple Choice

For the distribution in the following table, what is the percentile rank for X = 8.5? $\begin{array}{cc}X & C / 0 \\\hline 9 & 100 \% \\8 & 80 \% \\7 & 50 \% \\6 & 25 \%\end{array}$

• A) \( \mathrm{X}=90 \% \)
• B) \( X=80 \% \)
• C) \( X=65 \% \)
• D) \( X=50 \% \)

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Definitions:

Total Budgeted Sales

The total sales revenue a company anticipates to earn over a specific period as estimated during the budgeting process.

Cash Sales

Transactions in which goods or services are exchanged for immediate payment.

Sales Budget

An estimate of the expected total sales revenue and selling expenses of a company within a specified future period.

Credit Sales

Transactions that allow the buyer to purchase goods or services on credit, whereby payment is deferred to a future date.