The Amount Spent on Textbooks for the Fall Term Was

question 118

Multiple Choice

The amount spent on textbooks for the fall term was recorded for a sample of five hundred university students. It was determined that the 75th percentile was the value $500. Which of the following interpretations of the 75th percentile is correct?

• A) The average of the 500 textbook costs was $500.
• B) 75% of the students sampled had textbook costs that exceeded $500.
• C) 75% of the students sampled had textbook costs equal to $500.
• D) 25% of the students sampled had textbook costs that exceeded $500.

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Definitions:

Market Share

The percentage of total sales volume in a market captured by a brand, product, or company.

Interfere

Interfere refers to the act of intervening or meddling in the affairs or actions of others, often leading to obstruction or hindrance.

Predatory Behavior

Predatory behavior involves unethical or exploitative tactics to take advantage of someone weaker or in a more vulnerable position.

Intentional Deceit

The act of deliberately misleading or deceiving someone, often for personal gain or to deceive.