<p>xiggi: "you might try to do engage in a bit of fact finding"</p>
<p>Good idea. I have asked Ms. Brodigan and Kimble for the origin of 745; no reply yet.</p>
<p>"I hope you realize that the 25% and 75% are PERCENTILES"</p>
<p>Yes, I think we all know what a percentile is; that's why I wrote "value" instead. A quick Google search shows many reports of "average" SAT values ending in non-zero digits. I'm just guessing that Midd did something like this to come up with 745; I hope they'll say how they did it (some schools' IR directors have been known to respond to questions, even mine).</p>
<p>"aren't there thousands of comoanies that report their income with unaudited financials, and are yet subject to the scrutiny of others, starting with the IRS?"</p>
<p>For public companies like Enron (indeed a good example), unaudited quarterly financials are typically not scrutinized by outsiders, not even by the IRS; the yearly audited numbers are indeed closely watched.</p>
<p>"Aren't smaller businessess not expected to be honest and truthful?"</p>
<p>I really don't know what people expect these days. As a naive optimist, I do expect colleges to be so. For now, I'll give Midd the benefit of the doubt, and not assume that 745 is dishonest; if it had been reported as 740 or 750, we wouldn't be using up bandwidth over it!</p>