Answer:
The percentile rank of someone who earns $75,000 per year is the 85th percentile.
Step-by-step explanation:
Meaning of percentile:
When a value V is said to be in the xth percentile of a set, x% of the values in the set are lower than V and (100-x)% of the values in the set are higher than V.
In this question:
Working population of 10,500
8,925 people earn less than $75,000 per year.
8925/10500 = 0.85
0.85*100 = 85
The percentile rank of someone who earns $75,000 per year is the 85th percentile.
