Find the Percentile for the Data Value Data Value: 6
A) 25
B) 40
C) 35
D)

question 159

Multiple Choice

Find the percentile for the data value.
- $\begin{array} { l l l l l l l l l l l l l l l l l l l l } \text { Data set: } 3 & 13 & 10 & 6 & 3 & 3 & 13 & 6 & 3 & 13 & 2 & 13 & 15 & 4 & 9 & 3 & 12 & 10 & 6 & 13 \end{array}$ data value: 6

• A) 25
• B) 40
• C) 35
• D) 62

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Definitions:

Slope

The measure of the steepness or incline of a line, calculating the ratio of the vertical change to the horizontal change between two points on the line.

Marginal Revenue Curve

A graph that displays how marginal revenue varies as output changes.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products, and free entry and exit, leading to price-taking behavior.

Profit-Maximizing Output

The level of production at which a firm achieves the highest possible profit, determined by where marginal cost equals marginal revenue.