The Local Amusement Park Was Interested in the Average Wait

question 68

Multiple Choice

The local amusement park was interested in the average wait time at their most popular roller coaster at the peak park time (2 p.m.) . They selected 13 patrons and had them get in line between 2 and 3 p.m. Each was given a stop watch to record the time they spent in line. The times recorded were as follows (in minutes)
118, 124, 108, 116, 99, 120, 148, 118, 119, 121, 45, 130, 118

-What is the 10^th percentile?

• A)99
• B)119.8
• C)128.8
• D)112
• E)122.5

---

Definitions:

Firm Commitment

An agreement between a buyer and a seller wherein the seller is obligated to supply an agreed-upon amount of goods or services at a specified price.

Derivative Instrument

A financial security whose value is dependent upon or derived from an underlying asset or group of assets.

Options Contract

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a given date.

Future Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future.