The Sample Data Below Shows the Number of Hours Spent

question 73

Multiple Choice

The sample data below shows the number of hours spent by five students over the weekend to prepare for Monday's Business Statistics exam. 3 12 2 3 5.
The 75^th percentile of the data is the closest to _________.

• A) 3 hours
• B) 4.5 hours
• C) 8.5 hours
• D) 10 hours

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Definitions:

CPFR

Collaborative Planning, Forecasting, and Replenishment, a business practice wherein trading partners coordinate their demand forecasting, inventory management, and production and purchasing planning.

Macroeconomics Factors

The broad external economic forces that affect an economy's performance, including inflation, unemployment rates, and GDP growth.

Seasonal Goods

Products whose demand or availability fluctuates with the seasons of the year, such as winter coats or sunblock.

CPFR System

Collaborative Planning, Forecasting, and Replenishment system designed to enhance supply chain integration by supporting and assisting joint practices.