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:

Cash Inflows

The total amount of money coming into a business from its various activities, including sales, investments, financing, and more.

Internal Rate

Typically refers to the internal rate of return (IRR), a discount rate that makes the net present value (NPV) of all cash flows from a project or investment equal to zero.

Annual Cash Flows

The net amount of cash and cash-equivalents being transferred into and out of a business over a year.

Investment Costing

The process of determining the total costs associated with making an investment.