The Company Financial Officer Was Interested in the Average Cost

question 33

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 90th percentile?

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

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Definitions:

Tracking System

A method or technology used to monitor and record the movement or progress of objects, people, or information.

Liquidity Ratio

A financial metric used to determine an entity's ability to pay off its short-term obligations with its liquid assets.

Asset Management Ratio

Financial ratios that measure how effectively a company manages its assets to produce sales and maximize profitability.

Leverage Ratio

A financial metric indicating the level of debt relative to equity or assets, used to assess a company's ability to meet financial obligations.