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san4es73 [151]
3 years ago
12

Find the 44th percentile, P44, from the following data! pls help

Mathematics
1 answer:
irina [24]3 years ago
6 0

Answer:

P_{44} = 29.9

Step-by-step Explanation:

The 44th percentile, P_{44}, of the given data can be calculated using the kth formula for percentile given as:

i = \frac{k}{100}(n + 1)

where,

i = the ranking or the position of the percentile = ?

k = the percentile = 44

n = total number of the given data values = 23

Plug in the values into the formula to find "i"

i = \frac{44}{100}(23 + 1)

i = \frac{44}{100}(24)

i = \frac{1,056}{100}

i = 10.56

Since "I", 10.56, is not an integer, round the number down, and round it up to the nearest integer, then look for the position each occupy in the ordered data set, and find their average.

Thus,

i_{down} = 10.56 = 10

i_{up} = 10.56 = 11

The data occupying the 10th position on the data set = 28.7

11th = 31.1

P_{44} = \frac{28.7 + 31.1}{2} = \frac{59.8}{2}

P_{44} = 29.9

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Answer:

Option A earns higher interest($84115.58)

the difference in interest between the two option is  $197.9

Step-by-step explanation:

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Given data

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Interest isA-P=51213.68-43000= 8213.68= $8213.68

calculating the diference in interest between the two options we have

8411.58-8213.68= 197.9= $197.9

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