# Question: 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).

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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