For the Following Set of Scores,what Is the Percentile for a Score

question 50

Multiple Choice

For the following set of scores,what is the percentile for a score of 24? 22,23,19,25,26,22,19,25,22,20,21,23,23,24,18,20,22,24,21,21,20,24,22,21,23

• A)84th percentile
• B)34th percentile
• C)16th percentile
• D)50th percentile

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Definitions:

Specialization

A production strategy where individuals, regions, or nations focus on the production of a limited scope of goods or services to gain greater efficiency and productivity.

Economies of Scale

Economies of Scale describe the cost advantages that a business can achieve due to expansion, leading to a lower cost per unit of output.

Long-run Average Total Costs

The per-unit production cost when all factors of production are variable and optimized for scale.

Long-run Average Total Cost

The per-unit cost of production when all inputs, including those typically fixed, can be varied, showing economies of scale if downward sloping.