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Percentiles and statistical measures of average.

You decide to invest in stock in a particular kind of company and set the guideline that you will only buy stock in companies that are ranked in the 80th percentile or above in terms of dividends paid in the previous year.You are looking at a company that ranked 5 of 70 companies that paid dividends in 2019.

A. Will this company qualify for your portfolio?

B. If you had the data on the total dividends paid by each of the 70 companies, which

measure of average would be the most meaningful - mean, median, midrange, or

mode?Explain