In a Statistic Class,10 Scores Were Randomly Selected with the Following

question 80

Multiple Choice

In a statistic class,10 scores were randomly selected with the following results were obtained: 74,73,77,77,71,68,65,77,67,66 What is the 10^th percentile?

• A)65.9
• B)67.3
• C)66.75
• D)73.85
• E)77.0

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Definitions:

Utility Function

A mathematical representation that ranks preferences or satisfaction levels of an individual or household for different bundles of goods and services.

Consumption

Domestic consumption of various goods and services.

Interest Rate

The annual percentage yield that is charged as interest for borrowing money or paid to investors as a return on investment.

Income

Money received on a regular basis from work, investments, business, etc., used to fund living expenses and savings.