In a Rating of the Satisfaction with Their Instructor, 13

question 111

Multiple Choice

In a rating of the satisfaction with their instructor, 13 students gave the following scores from a scale of 1 to 5;
3, 2, 1, 1, 5, 5, 4, 3, 3, 2, 4, 3, 3

-What is the third quartile?

• A)1.2
• B)2
• C)3
• D)4
• E)4.8

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Definitions:

Fixed Costs

Expenditures such as rent, salaries, and insurance that are unaffected by changes in production or sales volumes.

Contribution Margin

The amount by which a product's sales price exceeds its total variable costs, indicating the contribution towards covering fixed costs and generating profit.

Cost Of Goods Sold

The total cost of merchandise sold during the period.

Activity Index

A measurement used to assess the level or rate of operations or actions within a particular area, often in relation to productivity or economic indicators.