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2 answers:
Solution:
Debt Ratio= (Total liabilities which includes debts, and other expenses) ÷ (Total amount of worth possessed)
A debt ratio of approximately 0.5 is considered to be reasonable.
Money Owed by you = $ 3450.00
$
So, the Credit limit which gives Acceptable Debt of $ 3450.00 when debt ratio is approximately more or less than 0.5 is
Out of the following four options
Option (D) $ 7,000 is true, regarding Credit limit.
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Answer:
58.33%.
Step-by-step explanation:
We have been given a data set {1.5, 2.3, 1.7, 3.6, 2.9, 4.2} and we are asked to find the percentile for value 2.9.
First of all let us arrange our data points from smallest to largest as: {1.5, 1.7, 2.3, 2.9, 3.6, 4.2}.
We can see that our data set has 6 data points and 2.9 is 4th data point.
We will use percentile rank formula to solve our problem.
, where,
P= Percentile rank,
i= Rank of the data point,
n = Total number of data points.
Upon substituting our given values we will get,
Therefore, percentile rank for the value 2.9 is 58.33%.