Which of the Following Best Describes the Statement "Earnings at the 80th

question 22

Multiple Choice

Which of the following best describes the statement "Earnings at the 80th percentile were $20,000"?

• A) 80% were earning $20,000 or less.
• B) 80% were earning $20,000 or more.
• C) The average earnings of those in the top 80% was $20,000.
• D) The average earnings of those in the bottom 80% was $20,000.

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people in which the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Unanimity

Complete agreement or consensus among all members or parties involved in a particular situation or decision-making process.

Failed Decisions

Decisions that do not achieve their intended outcome, leading to negative consequences or failures to meet specific goals or objectives.

Misallocation

The inefficient or inappropriate distribution or use of resources in a manner that does not maximize efficiency or value.