If in the preceding problem the president had selected 250 f

If, in the preceding problem, the president had selected 250 families and found that one family had an income of $155,000, which was higher than 210 of the families, what percentile did that family fall into?

Solution

Percentile of that family=Percentage of families that lies below that family=210*100/250=84%

If, in the preceding problem, the president had selected 250 families and found that one family had an income of $155,000, which was higher than 210 of the fami

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site