Determine Which Score Corresponds to the Higher Relative Position $$55\quad46\quad30\quad63\quad63\quad65 \quad 42;$$

question 1

Multiple Choice

Determine which score corresponds to the higher relative position.
-Data set: $$55\quad46\quad30\quad63\quad63\quad65 \quad 42;$$ data point 55

• A)50
• B)57
• C)20
• D)43

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Definitions:

Compounded Semi-annually

Compounded semi-annually refers to the calculation of interest where the principal amount is credited with interest twice a year.

Amortization Period

The total time period over which a loan or mortgage is scheduled to be paid off through regular payments.

Compounded Semi-annually

A method of calculating interest where the earned interest is added to the principal every six months, allowing interest to be earned on the previously earned interest.

Lump Payment

A single, large payment made at once, instead of breaking it into smaller installments.