The pth percentile is a value such that approximately
A) p percent of the observations are less than the value and (100 - p) percent are more than this value.
B) p percent of the observations are less than the value and p percent are more than this value.
C) (100 - p) percent of the observations are less than the value and p percent are more than this value.
D) (100 - p) percent of the observations are less than the value and (100 - p) percent are more than this value.

Question

Quizplus · Accepted Answer

The pth percentile is defined as a value below which approximately p percent of the observations in a data set fall, and (100 - p) percent of the observations are above this value.

The Pth Percentile Is a Value Such That Approximately