Question: Room and board costs for selected schools are summarized in this distribution. Find the approximate cost of room and board corresponding to each of the
Room and board costs for selected schools are summarized in this distribution. Find the approximate cost of room and board corresponding to each of the following percentiles.
a. 30th percentile
b. 50th percentile
c. 75th percentile
d. 90th percentile
Using the same data, find the approximate percentile rank of each of the following costs.
e. 5500
f. 7200
g. 6500
h. 8300
Costs (in dollars) 3000.5-4000.5 4000.5-5000.5 5000.5-6000.5 6000.5-7000.5 7000.5-8000.5 8000.5-9000.5 9000.5-10,000.5 Frequency 5 6 18 24 19 8 5
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To find the percentiles we first need to calculate the cumulative frequencies and relative frequencies The cumulative frequency is the sum of the freq... View full answer

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