Question

The company financial officer was interested in the average cost of PCs that had been purchased in the past six months. She took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000. What is the 10th percentile?

Answer 1

Answer:

$1,482 is the 10th percentile.

Step-by-step explanation:

xth percentile:

If a measure is said to be in the xth percentile, it means that x% of the measures are smaller than it, and (100-x)% are larger.

In this question:

10 computers, the 10th percentile is the value that is larger than 10% of the prices.

The prices, sorted in an increasing way, are:

$1,127, $1,482, ...

Computers at a price of $1,482 have larger prices than 10% of the population, so $1,482 is the 10th percentile.