What Does It Mean to Say That Someone with an IQ

question 135

Multiple Choice

What does it mean to say that someone with an IQ score of 130 is in the 98th percentile?

• A)This person scored better than 98 percent of comparable people.
• B)This person answered 98 percent of the questions correctly.
• C)This person answered 130 questions correctly.
• D)This person's score was 30 percent better than average.

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Definitions:

Δq/ΔL

The change in quantity produced per unit change in labor, often related to the marginal product of labor.

Marginal Product

The additional output generated by employing one more unit of a particular input, holding other inputs constant.

Average Product

The amount of output produced on average by each unit of a variable input, such as labor, in the production process.

Marginal Product

is the additional output resulting from a one-unit increase in the quantity of one input while holding other inputs constant, illustrating the concept of diminishing returns.