When Finding Percentiles, If the Locator L Is Not a Whole

question 42

Multiple Choice

When finding percentiles, if the locator L is not a whole number, one procedure is to interpolate so that a locator of 23.75, for example, leads to a value that is 3/4 of the way between the 23rd and 24th scores. Use this method of interpolation to find P75 for the set of
Test scores below. $\begin{array} { l l l l l l } 51 & 54 & 64 & 68 & 72 & 74 \\ 76 & 83 & 94 & 94 & 99 & \end{array}$

• A) 83
• B) \(88.5\)
• C) \(85.75\)
• D) 94

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Definitions:

Petroleum Refining

The industrial process of transforming crude oil into useful products such as fuel, lubricants, and petrochemicals.

Paper Mills

Industrial facilities where raw materials like wood pulp are processed into paper and cardboard products.

Overapplied Manufacturing Overhead

A scenario in which the overhead costs assigned to manufacturing exceed the actual overhead expenses incurred.

Cost of Goods Sold

An expense measured and recorded on the income statement, representing the total cost of goods that were sold during a specified period.