The Company Financial Officer Was Interested in the Average Cost

question 132

Multiple Choice

The company financial officer was interested in the average cost of PCs that had been purchased in the past six months.A random sample of the price of 10 computers was taken with the following results;$3,250,$1,127,$2,995,$3,250,$3,445,$3,449,$1,482,$6,120,$3,009,$4,000 What is the 65^th percentile?

• A)$1,446.5
• B)$2,617
• C)$3,415.75
• D)$3,587
• E)$4,212

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Definitions:

Involuntary Reaction

A reflex or response to a stimulus that is automatic and not under the conscious control of an individual.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions, such as the heartbeat and digestion, and regulates basic body processes.

Inverted-U Hypothesis

A theory suggesting that there is an optimal level of arousal for performance, with both too little and too much arousal leading to poorer performance.

Optimal Level

The most favorable or desirable degree or amount of something for achieving the best result or outcome.