Question: Name two ways in which percentiles are used
Name two ways in which percentiles are used.
Answer to relevant QuestionsWhat is an outlier? How do you decide whether a data point is an outlier or not? What is a weighted average? When should it be used instead of a simple average? You have begun a quality improvement campaign in your paper mill, and, as a result, lots of pieces of paper come to your desk. Each one describes a recent problem with customers according to the following codes: A = paper ...Consider the following list of your products’ share of 20 major metropolitan areas: a. Find the average and the median. b. Draw a cumulative distribution function for this data set. c. Find the 80th percentile. Consider the data on CEO compensation in food processing firms from Table 3.9.7 of Chapter 3. a. Draw a detailed box plot. b. Find the 10th percentile of compensation.
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