Examine the Frequency Table Below for Prices to Replace a Dishwasher.What

question 4

Multiple Choice

Examine the frequency table below for prices to replace a dishwasher.What is the percentile rank of dishwashers that cost $325? ​

• A) 83%
• B) 23%
• C) 60%
• D) 17%

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Definitions:

Normal Goods

Goods for which demand increases when consumer income rises, and decreases when consumer income falls, showing a direct relationship between income and demand.

Full Income

The total earnings, including all sources of income and gains, not just wages from employment.

Dividend Income

Income received from owning shares of a company, typically paid out from the company's profits to shareholders at regular intervals.

Nonlabor Income

Income received from sources other than employment or the active exertion of effort, such as dividends, interest, or rental income.