The numbers below show this year s Research and Development budgets
The numbers below show this year’s Research and Development budgets (in $ millions) for 16 of the country’s largest pharmaceutical companies.
a. Use the method described in the chapter to determine the value of the 30th percentile. What % of the values are actually at or below the value you selected? What % is at or above this value?
b. Determine the value of the 65th percentile. What % of the values are actually at or below the value you selected? What % is at or above this value?
c. Determine and interpret the value of the median (that is, the 50th percentile).
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