The Following List Gives 50 Pieces of Ranked Data (Ranked

question 94

Multiple Choice

The following list gives 50 pieces of ranked data (ranked from smallest to largest) . Find the 7th percentile.  



$\begin{array}{ | c | } \hline { \text { Ranked data } } \\\hline\begin{array}{lllll}12 & 48 & 82 & 123 & 148 \\19 & 53 & 85 & 123 & 148 \\22 & 55 & 89 & 126 & 153 \\24 & 56 & 98 & 130 & 154 \\31 & 58 & 102 & 130 & 159 \\33 & 66 & 103 & 131 & 161 \\36 & 66 & 105 & 136 & 166 \\38 & 74 & 109 & 140 & 166 \\44 & 78 & 116 & 143 & 172 \\47 & 78 & 121 & 146 & 175\\\end{array}\\\hline\end{array}$

• A) 12
• B) 38
• C) 19
• D) 24
• E) 55

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Definitions:

Shareholder's Basis

The amount of a shareholder's investment in stock of a corporation, adjusted for various tax-related items.

Corporate Debt

Financial obligations owed by a corporation, typically in the form of bonds, loans, or other types of securities.

Charitable Contributions

Donations made to qualifying organizations which may be deductible from the donor's taxable income, subject to IRS rules and limitations.

Tax Liability

The total amount of taxes owed to federal, state, or local tax authorities for a given period, before any payments or credits are applied.