You Were Told That the 1ˢᵗ, 2ⁿᵈ and 3ʳᵈ Quartiles

question 70

Short Answer

You were told that the 1ˢᵗ, 2ⁿᵈ and 3ʳᵈ quartiles of female students' weight at a major university are 95 lbs, 125 lbs, and 138 lbs. What percentage of the students weigh more than 138 lbs?

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Definitions:

Variable Overhead Spending Variance

The difference between the actual variable overhead costs incurred and the expected costs based on a predetermined standard.

Variable Manufacturing Overhead Cost Incurred

The variable expenses directly related to the manufacturing process, such as materials and labor, that change with production levels.

Total Variable Overhead Variance

The difference between the actual variable overhead costs incurred and the standard variable overhead costs expected for the actual production level.

Labour Rate Variance

The difference between the actual labor costs and the standard (expected) labor costs for a given period.