The List Below Shows the Number of Orders Processed by Grant

question 127

Multiple Choice

The list below shows the number of orders processed by Grant and Traynor over the past 16 weeks. Use the method described in the chapter to identify the value of the 65th percentile, then compare the % of the values in the data set that are ACTUALLY at or below the 65th percentile value you had determined.

• A)The 65th percentile value is 472; the actual percent of the values at or below 472 is 75.00%.
• B)The 65th percentile value is 660; the actual percent of the values at or below 660 is 68.75%.
• C)The 65th percentile value is 660; the actual percent of the values at or below 660 is 37.5%.
• D)The 65th percentile value is 472; the actual percent of the values at or below 472 is 31.25%.
• E)The 65th percentile value is 531; the actual percent of the values at or below 472 is 65.00%.

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Definitions:

F-statistic

A ratio used in statistical analysis to assess the significance of a group of variables in a regression model relative to the variation unexplained by the model.

Degrees of Freedom

The number of independent values or quantities that can vary in the analysis of statistical data.

Treatments

The different levels or categories of the independent variable applied in an experiment.

Sum of Squared Errors

The total of the squared differences between the observed values and the values predicted by a model or the mean.