# Shannon is traveling from New York City to Washington, D.C. She wants to go by train so she can see the views. Since she will be driving home with a family member, she only priced the cost of a one-way ticket on Amtrak for any time of day on February 15. Below is an ordered listing of all fares that

Chapter 1, Discretionary and Essential Expenses 1.1 #11

Shannon is traveling from New York City to Washington, D.C. She wants to go by train so she can see the views. Since she will be driving home with a family member, she only priced the cost of a one-way ticket on Amtrak for any time of day on February 15. Below is an ordered listing of all fares that were available for selection on that day.

a. Find the percentile rank for a fare of $119. Interpret your results.

b. Find the percentile rank for a fare of $272. Interpret your results.

c. Based on your answers to parts a and b of this problem, which train fare would have a percentile rank of approximately 82%?

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**Related Book For**

## Financial Algebra Advanced Algebra With Financial Applications

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

ISBN: 9781337271790