If precipitation falls from stratus<span> clouds, it is usually in the form of drizzle or light snow. </span>Cumulus <span>clouds are large and lumpy.</span>
In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is greater than the marginal cost.
<h3>
Who is a monopolist?</h3>
A monopolist is usually a term used to refer to a business entity that solely controls the market of a certain product or service without any competitor. In the case of a single-price monopolist, if they charge a price that is greater than marginal cost is the most viable option to maximize profit.
You can learn more about a monopolist here brainly.com/question/13113415
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The 45th percentile of the data given above (P₄₅) is 16.225.
<h3>What is percentile in statistics?</h3>
Percentile refers to the mathematical or statistical term that is used to indicate the position of a data in relation to others from the sample given.
<h3>How did we arrive at the above figure?</h3>
Step 1 - First all data must be arranged in ascending order:
See the attached table for this.
Step 2 - We compute the position or rank of the 45th percentile.
The formula for percentile position is given as:
((n +1 ) *P)/100
= ((25+1) * 45)/100
= 11.70
Step 3 - Deploy the interpolation method because the position above is not an integer.
The numbers in positions 11 and 12 are where you'll find the 45 percent percentile. Based on the data arranged in ascending order, the values are 15 and 16.75.
The percentile we're seeking for is situated at the value of 11.7 - 11 = 0.7, which is the percentage of the space between 15 and 16.75.
Therefore,
(P₄₅) = 15 + 0.7 x (16.75 - 15)
(P₄₅) =16.225.
Learn more about percentiles at:
brainly.com/question/2263719
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