In a Data Set with a Range of 55 $P _ { 122.50 }$

question 43

Multiple Choice

In a data set with a range of 55.4 to 105.4 and 400 observations, there are 276 observations_ with values less than 86. Find the percentile for 86.

• A) \(P _ { 122.50 }\)
• B) \(P _ { 32 }\)
• C) \(P _ { 69 }\)
• D) \(P _ { 6 / 2 }\)

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Definitions:

Sugar

A sweet-flavored substance derived primarily from sugarcane and sugar beet, used extensively as a sweetener in food and beverages.

Import Tariffs

Taxes imposed by a government on goods brought into its jurisdiction from foreign countries, typically used to protect domestic industries.

Consumer Surplus

The distinction between what consumers are willing and financially capable of paying for a product or service, and the actual expenditure.

Producer Surplus

The difference between what producers are willing to accept for a good or service versus what they actually receive, due to higher market prices.