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IRINA_888 [86]
2 years ago
13

Determine+the+percentile+indicating+the+bottom+ranking+20%.+in+other+words,+what+is+the+dollar+number+that+defines+where+the+low

est+values+fall.
Mathematics
1 answer:
Aloiza [94]2 years ago
5 0

The dollar number that defines where the lowest values falls is

20% percentile value =$20

This is further explained below.

<h3 /><h3>What is the dollar number that defines where the lowest value falls?</h3>

Generally,  Now we need to determine the 20th percentile ($20). It indicates that we need to locate a dollar amount that marks the point at which the 20 % data has a value lower than that number.

i=(p/100)*n

Where i is the position of p^th

percentile when the data is presented in ascending order.

i=20/100*50

i=1000/100

i=10

Therefore

n=50

p=20

In conclusion, the 10th position for given data is 20,

Therefore, 20% percentile value =$20

Read more about percentile

brainly.com/question/1594020

#SPJ1

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