To Locate the Percentile for a Given Observation in a Data

question 9

Multiple Choice

To locate the percentile for a given observation in a data set,the data must be ________.

• A)sorted and listed from the minimum to the maximum values
• B)displayed in a histogram
• C)summarized in a frequency distribution
• D)distributed symmetrically around the mean

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Definitions:

Inventory

The goods and materials that a business holds for the ultimate goal of resale or repair.

Depreciation

The gradual decrease in the economic value of the capital stock of a firm, nation, or other entity, either through physical wear and tear or obsolescence.

Net Investment

The total amount of investment in new capital assets minus the depreciation on existing assets, indicating growth in an economy's productive capacity.

Inventory Investment

The change in the stock of goods held by a business for resale or production over a period, part of the investment component in GDP calculation.