# Question

According to www.money-zine.com, the average FICO score in the United States was around 692 in December 2011. Suppose the following data represent the credit scores of 22 randomly selected loan applicants.

a. Calculate the values of the three quartiles and the interquartile range. Where does the value 617 falls in relation to these quartiles?

b. Find the approximate value of the 30th percentile. Give a brief interpretation of this percentile.

c. Calculate the percentile rank of 533. Give a brief interpretation of this percentile rank.

a. Calculate the values of the three quartiles and the interquartile range. Where does the value 617 falls in relation to these quartiles?

b. Find the approximate value of the 30th percentile. Give a brief interpretation of this percentile.

c. Calculate the percentile rank of 533. Give a brief interpretation of this percentile rank.

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