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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 third quartile?
Historical Cost
An accounting principle that requires assets to be recorded at their original purchase price, without adjusting for inflation or changes in market value.
New Venture
An enterprise that is newly established, focusing on addressing a market demand by offering an innovative product, service, or platform.
Expansion
The process of a business enlarging its operations, typically through increased production capabilities, market reach, or product lines.
New Market
An emerging sector or industry where a company can expand its operations or products to generate growth.
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