Twenty Students Were Randomly Selected from a Business Statistics Course

question 207

Multiple Choice

Twenty students were randomly selected from a business statistics course and were asked to report the number of times that they had eaten a meal at the university's cafeteria within the past month. Below are the values reported:
7, 8, 10, 11, 8, 6, 10, 9, 9, 8, 13, 12, 8, 11, 11, 14, 8, 7, 10, 12

-What is the 65^th percentile?

• A)7
• B)10.5
• C)12.1
• D)11
• E)8

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Definitions:

Revenue

The total amount of money generated by a company through its activities, often from sales of products or services.

Flexible Budget Performance Report

compares actual results to budgeted amounts adjusted for the actual level of output, aiding in the evaluation of financial performance.

Cost Driver

A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs.

Activity Variances

Differences between planned activities (budgeted) and actual activities in management accounting, used for monitoring performance and guiding decisions.