Calculate the Interquartile Range from the Following Data: 1,2,4,5,10,12,18

question 12

Multiple Choice

Calculate the interquartile range from the following data: 1,2,4,5,10,12,18.

• A) 5
• B) 6
• C) 10
• D) 17

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Definitions:

Credit Terms

The conditions, including payment deadlines and interest rates, that a seller extends to a buyer.

Trade Credit

Short-term financing provided by suppliers, allowing buyers to purchase goods or services on account without immediate cash payment.

Compensating Balances

A requirement by some banks for companies to maintain a minimum balance in their account as part of a loan agreement, effectively reducing the amount of usable cash.

Management Policy

Guidelines and rules set by an organization's management to direct operations and decision-making in alignment with the company's objectives.