Find the Specified Percentile, Quartile, or Decile

question 10

Multiple Choice

Find the specified percentile, quartile, or decile.
-A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. Find the 6th decile.

• A)212.5
• B)207.8
• C)211.3
• D)187.5

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Definitions:

Production

The process of creating, manufacturing, or assembling goods and services.

January

The first month of the year in the Gregorian calendar.

Budgeted Units

The quantity of products or services that a company plans to sell during a certain period, as determined in the budgeting process.

Inventory

The total amount of goods and materials held by a company to be sold or used in production.