When analyzing annual incomes of adults in a market area, the marketing manager's report indicated that the 90th percentile is $123,400. That means that 90 percent of the adult incomes in the market area fall at or below $123,400.

Question

Quizplus · Accepted Answer

The 90th percentile of a dataset means that 90% of the data points are at or below that value, so in this context, it indicates that 90% of the adult incomes in the market area are at or below $123,400.

When Analyzing Annual Incomes of Adults in a Market Area