In a Data Set with a Range of 55

question 201

Multiple Choice

In a data set with a range of 55.4 to 105.4 and 400 observations, there are 276 observations with values less than 86. Find the percentile for 86.

• A) P612
• B) P69
• C) P32
• D) P122.56

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Definitions:

Credit Sales

Sales transactions where the payment is delayed as per agreed terms between the seller and the buyer.

Retail Store Credit Card

A credit card issued by a retail store allowing customers to purchase goods on credit from that specific retailer.

National Credit Cards

Credit cards that are accepted across a specific country, offering users the ability to borrow funds up to a pre-approved limit for purchases or cash advances.

Allowance Method

An accounting technique that companies use to account for bad debts by predicting what percentage of outstanding accounts will become uncollectible.