When Scholastic Achievement Test Scores (SATs) Are Sent to Test-Takers

question 29

Multiple Choice

When Scholastic Achievement Test scores (SATs) are sent to test-takers, the percentiles associated with scores are also given. Suppose a test-taker scored at the 67th percentile on the verbal part of the test and at the 38th percentile on the quantitative part. Interpret these results.

• A) This student performed better than 67% of the other test-takers on the verbal part and better than 38% on the quantitative part.
• B) This student performed better than 67% of the other test-takers on the verbal part and better than 62% on the quantitative part.
• C) This student performed better than 33% of the other test-takers on the verbal part and better than 62% on the quantitative part.
• D) This student performed better than 33% of the other test-takers on the verbal part and better than 38% on the quantitative part.

---

Definitions:

Inventory Profits

The increase in inventory value above its cost, typically due to price increases or valuation adjustments.

Direct Disposal Costs

Expenses specifically associated with the removal or disposal of a fixed asset or waste materials from an organization.

Sales Commissions

Payments made to sales personnel based on the amount of sales they generate, often calculated as a percentage of the sale price.

Days' Sales In Inventory

Days' sales in inventory is a financial metric that indicates the average time it takes for a company's inventory to turn into sales, reflecting inventory management efficiency.