Your Stats Teacher Tells You Your Test Score Was the 3rd

question 53

Multiple Choice

Your Stats teacher tells you your test score was the 3rd quartile for the class. Which is true?
I. You got 75% on the test.
II. You can't really tell what this means without knowing the standard deviation.
III. You can't really tell what this means unless the class distribution is nearly Normal.

• A) II only
• B) I only
• C) III only
• D) none of these
• E) II and III

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which does not necessarily reflect its market value.

Redemption Value

The amount that an investment instrument, such as a bond, is worth at its maturity or when it is redeemed.

Stated Value

Arbitrary value placed by the board of directors on each share of no-par stock to fulfill legal capital requirements.

Total Assets

The sum of all assets, both current and noncurrent, owned by a company, representing the resources it has at its disposal.