Question: The numbers below show this years Research and Development budgets (in $ millions) for 16 of the countrys largest pharmaceutical companies. a. Use the method

The numbers below show this year’s Research and Development budgets (in $ millions) for 16 of the country’s largest pharmaceutical companies.

450 378 523 48 367 589 671 826 325 748 522 660

a. Use the method described in the chapter to determine the value of the 30^th 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 65^thpercentile. 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 50^th percentile).

450 378 523 48 367 589 671 826 325 748 522 660 472 539 825 932

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