Provide an Appropriate Response A)50
B)12
C)33
D)58

question 14

Multiple Choice

Provide an appropriate response.
-The cholesterol levels (in milligrams per deciliter) of 30 adults are listed below. Find the percentile that corresponds to cholesterol level of 195. $$\begin{array} { l l l l l l l l l l } 154 & 156 & 165 & 165 & 170 & 171 & 172 & 180 & 184 & 185 \\189 & 189 & 190 & 192 & 195 & 198 & 198 & 200 & 200 & 200 \\205 & 205 & 211 & 215 & 220 & 220 & 225 & 238 & 255 & 265\end{array}$$

• A)50
• B)12
• C)33
• D)58

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Definitions:

Competitive Market

A market structure characterized by a large number of buyers and sellers, where no single participant can significantly influence the price or terms of products.

Production Costs

The total expenses involved in manufacturing a product, including raw materials, labor, and overhead.

Average Variable Cost

The per-unit variable cost of production, calculated by dividing total variable costs by the quantity of output produced.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity of output produced, representing the per unit cost of production.