Twelve Students Took a Placement Exam with the Following Results

question 44

Multiple Choice

Twelve students took a placement exam with the following results. What is the percentile rank of 64? Round to the nearest percentile.

• A)17th percentile
• B)67th percentile
• C)8th percentile
• D)42nd percentile

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Definitions:

Right Of Return

A policy that allows customers to return purchased goods under specified conditions.

Special Purpose Entity

A legal entity created for a specific objective, often to isolate financial risk or for securitization purposes.

Completed Transaction Method

An accounting approach where revenue and expenses are recognized only when a transaction is fully completed.

Premium Wheat

High-quality wheat that meets specific grading standards and therefore may command a higher price in the market.