For Questions , Use the Following Narrative

question 18

Essay

For Questions , use the following narrative
Narrative: Acceptance rates
A random sample of 50 colleges and universities in the U.S.was selected, and acceptance rates were recorded for each school (percentage of student applicants who were accepted to the school).The following five-number summary was calculated for this data set: lowest = 17; lower quartile = 25.75; median = 36; upper quartile = 47.75; highest = 67.
-{Acceptance rates narrative} Find the range of the acceptance rates and give one possible reason that it is such a high number.

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Definitions:

Monthly Disburses

This refers to the amount of money a company pays out on a monthly basis, covering expenses such as salaries, utilities, and rent.

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Daily Interest Rate

The interest rate expressed as a daily percentage, indicating the amount of interest charged or earned each day.

Collection Float

The time delay between when a check is deposited and when the funds become available in the account.