Use the Data Given Below to Answer the Following Questions)

question 11

Multiple Choice

Use the data given below to answer the following questions) .
Following is an extract from the Cost per Order Database of Grogtes LLC. $\begin{array}{|c|c|c|c|c|}\hline\text { Item Category } & \text { Item ID } & \text { Item Cost } & \text { Units } & \begin{array}{c}\text { Cost per } \\\text { Order }\end{array} \\\hline \text { Nuts } & \text { N101 } & \$ 2.44 & 94 & \$ 229.36 \\\hline \text { Screws } & \text { S101 } & \$ 20.44 & 49 & \$ 1,001.56\\\hline \text { Nuts } & N 102 & \$ 5.44 & 35 & \$ 190.40 \\\hline \text { Screwdriver } & \mathrm{SD} 101 & \$ 20.44 & 26 & \$ 531.44 \\\hline \text { Nuts } & \mathrm{N} 102 & \$ 3.44 & 55 & \$ 189.20 \\\hline \text { Screws } & \mathrm{S} 102 & \$ 5.44 & 59 & \$ 320.96 \\\hline \text { Nuts } & \mathrm{N} 101 & \$ 2.44 & 74 & \$ 180.56 \\\hline \text { Nuts } & \mathrm{N} 102 & \$ 5.44 & 89 & \$ 484.16 \\\hline \text { Nuts } & \mathrm{N} 101 & \$ 2.44 & 31 & \$ 75.64 \\\hline \text { Screws } & \mathrm{S} 103 & \$ 9.44 & 59 & \$ 556.96 \\\hline \text { Nuts } & \mathrm{N} 102 & \$ 5.44 & 89 & \$ 484.16 \\\hline \text { Screws } & \mathrm{S} 101 & \$ 2.44 & 28 & \$ 68.32 \\\hline \text { Screws } & \mathrm{S} 101 & \$ 20.44 & 80 & \$ 1,635.20 \\\hline \text { Nuts } & \mathrm{N} 102 & \$ 5.44 & 34 & \$ 184.96 \\\hline \text { Nails } & \mathrm{NG} 101 & \$ 125.45 & 1 & \$ 125.45 \\\text { Bolts } & \text { B101 } & \$ 16.44 & 15 & \$ 246.60 \\\hline \text { Screws } & \text { S103 } & \$ 9.44 & 27 & \$ 254.88 \\\hline \text { Screwdriver } & \text { SD102 } & \$ 9.44 & 63 & \$ 594.72 \\\hline \text { Screwdriver } & \text { SD101 } & \$ 20.44 & 14 & \$ 286.16 \\\hline \text { Bolts } & \mathrm{B} 102 & \$ 5.44 & 95 & \$ 516.80 \\\hline \text { Nuts } & \mathrm{N} 103 & \$ 1.74 & 66 & \$ 114.84 \\\hline \text { Bolts } & \mathrm{B} 101 & \$ 16.44 & 73 & \$ 1,200.12\\\hline \text { Screws } & \mathrm{S} 103 & \$ 9.44 & 45 & \$ 424.80 \\\hline \text { Screws } & \mathrm{S} 104 & \$ 15.45 & 86 & \$ 1,328.70 \\\hline \text { Screws } & \mathrm{S} 102 & \$ 5.44 & 3 & \$ 16.32 \\\hline \text { Screws } & \mathrm{S} 101 & \$ 20.44 & 6 & \$ 122.64 \\\hline \text { Bolts } & \mathrm{B} 102 & \$ 5.44 & 49 & \$ 266.56 \\\hline \text { Nuts } & \mathrm{N} 101 & \$ 2.44 & 65 & \$ 158.60 \\\text { Screwdriver } & \text { SD103 } & \$ 5.44 & 95 & \$ 516.80 \\\hline \text { Nuts } & \mathrm{N} 103 & \$ 1.74 & 52 & \$ 90.48 \\\hline \text { Screws } & \mathrm{S} 103 & \$ 9.44 & 79 & \$ 745.76 \\\hline \text { Nailgun pack } & \mathrm{NG} 101 & \$ 125.45 & 4 & \$ 501.80\\\hline\end{array}$
$\quad$ $\begin{array}{|c|c|c|c|c|}\hline \text { Item Category } & \text { Item D } & \text { Item Cost } & \text { Units } & \begin{array}{c}\text { Cost per } \\\text { Order }\end{array} \\\hline \text { Bolts } & \mathrm{B} 102 & \$ 5.44 & 61 & \$ 331.84 \\\hline \text { Bolts } & \mathrm{B} 103 & \$ 12.94 & 54 & \$ 698.76 \\\text { Bolts } & \mathrm{B} 104 & \$ 24.40 & 41 & \$ 1,000.40 \\\hline \text { Nails } & \mathrm{NG} 102 & \$ 275.45 & 2 & \$ 550.90 \\\hline \text { Nuts } & \mathrm{N} 103 & \$ 1.74 & 6 & \$ 10.44 \\\hline \text { Screwdriver } & \mathrm{SD} 104 & \$ 2.44 & 75 & \$ 183.00 \\\hline \text { Screws } & \mathrm{S} 101 & \$ 20.44 & 56 & \$ 1,144.64 \\\hline \text { Nuts } & \mathrm{N} 103 & \$ 1.74 & 13 & \$ 22.62 \\\hline \text { Screws } & \mathrm{S} 102 & \$ 5.44 & 10 & \$ 54.40 \\\hline \text { Screws } & \mathrm{S} 101 & \$ 20.44 & 93 & \$ 1,900.92 \\\hline \text { Screws } & \text { S102 } & \$ 5.44 & 27 & \$ 146.88 \\\hline\end{array}$
-Which of the following does the second quartile of the costs per order indicate?

• A) 2% of the costs per order are less than or equal to $114.84.
• B) 20% of the costs per order are less than or equal to $1,200.12.
• C) 5% of the costs per order are less than or equal to $229.36.
• D) 50% of the costs per order are less than or equal to $286.16.

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Definitions:

Market Value

The present cost for purchasing or selling a product or service in a market.

Split-Off Point

The Split-Off Point is a stage in a production process where multiple products are generated from common inputs, each taking a different processing path thereafter.

Joint Costs

Costs incurred in the process of producing two or more products simultaneously, where the costs cannot be individually attributed to the products until a certain split-off point.

Market Value

The present cost at which a service or asset is available for purchase or sale.