Find the Percentile for the Data Value

question 60

Multiple Choice

Find the percentile for the data value.
-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) 32
• B) 69
• C) 122.56
• D) 612

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Definitions:

Recognized Gain

The amount of gain that is subject to tax in the year of a transaction.

Realized Gain

The profit earned from the sale of an asset, such as stocks, bonds, or real estate, which becomes taxable when the asset is sold.

Selling Expenses

Expenses incurred directly or indirectly in making a sale, such as commissions, advertising costs, and shipping expenses.

Disallowed Loss

A loss that cannot be claimed for tax deduction purposes because it does not meet certain IRS criteria.