# 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).

**View Solution:**## Answer to relevant Questions

The numbers below show the growth of jobs in the food service industry (in thousands o jobs) for each of the past 18 months. a. Use the method described in the chapter to determine the value of the 15th percentile. What % ...R.D. Bailey just received his test scores for the GMAT (Graduate Management Admission Test) exam that he took in January. Opening the envelope, he fnds: Verbal: 86th percentile Math: 35th percentile Interpret the scores for ...A survey of 20 major media markets was done to determine the number of advertising firms headquartered in each. The results of the study are given below: a. Show the stem-and-leaf diagram for the data. b. Show the ordered ...According to Chebyshev’s Rule, at least a. _____ % of the values in a data set will fall within 1.5 standard deviations of the mean. b. _____ % of the values in a data set will fall within 2.5 standard deviations of the ...You plan to sample and test units from a recently assem-bled order of Bluetooth mobile speakers. How many different samples (combinations) are possible if you plan to sample a. 3 units from an order of 10? b. 4 units from an ...Post your question