The University ranks as the 16th most expensive out of 50 listed universities. What is the university's quartile rank?
A) 2nd quartile
B) 3rd quartile
C) 4th quartile
D) 1st quartile

Question

Quizplus · Accepted Answer

Quartile rank refers to dividing a set of data into four equal parts. The 50 listed universities would be divided into four groups of 12 or 13, with the first quartile being the 12th or 13th least expensive, the second quartile being the 25th or 26th least expensive, the third quartile being the 38th or 39th least expensive, and the fourth quartile being the most expensive. Since this university ranks 16th out of 50, it falls in the second quartile, which is the 25th or 26th through 37th or 38th least expensive universities.

The University Ranks as the 16th Most Expensive Out of 50