In a Data Set Containing N Values, the 67th Percentile $$\mathrm { P } _ { 67 } = \frac { 67 } { 100 } \cdot \mathrm { n }$$

question 86

True/False

In a data set containing n values, the 67th percentile can be found as follows: $$\mathrm { P } _ { 67 } = \frac { 67 } { 100 } \cdot \mathrm { n }$$ ?

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Definitions:

March

The third month of the year in the Gregorian calendar.

Standard Amount

A predetermined benchmark for expenses, revenues, or units produced, used for budgeting and measuring performance.

Actual Output

The quantity of finished goods or services produced by a company over a specific period.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor, based on the standard rate and actual hours worked.