You determined that $65,000.00 in salary represents the 85th percentile of total compensation paid by employers for the heavy-duty mechanic job in British Columbia. Which of the following statements is accurate, given the aforementioned statement?
A) 15% of employers compensate above $65,000.00.
B) $65,000.00 represents the median.
C) 15% of employers compensate below $65,000.00.
D) 85% of employers compensate above $55,250.00.

Question

Quizplus · Accepted Answer

The 85th percentile means that 85% of the data falls below $65,000.00, so 15% of employers compensate above this amount.

You Determined That $65,000