Exhibit 10.1 the Following Questions Are Based on the Problem Description and Description

question 22

Multiple Choice

Exhibit 10.1
The following questions are based on the problem description and the output below.
A college admissions officer wants to evaluate graduate school applicants based on their GMAT scores, verbal and quantitative. Students are classified as either successful or not-successful in their graduate studies. The officer has data on 20 current students, ten of whom are doing very well (Group 1) and ten who are not (Group 2) . ​ ​ ​ ​
-Refer to Exhibit 10.1. What is the quantitative test score value of the group centroid for group 1?

• A) 683.8
• B) 654.2
• C) 610.7
• D) 605.7

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Definitions:

Promote Efficiency

To enhance the effectiveness and productivity with which resources are used, minimizing waste and maximizing output.

Foreign Competition

Competition that domestic companies face from abroad, from foreign companies offering the same or similar products or services.

Health Care Provider

An individual or institution that provides medical services, including doctors, nurses, hospitals, and clinics.

Market Price

The current price at which an asset or service can be bought or sold in an open market.