Question

average weekly earnings the average weekly earnings in dollars for various industries are listed below. find the percentile rank of each value. round to the nearest whole percentile. 460, 514, 450, 848, 545, 448, 499 send data to excel part: 0 / 8 part 1 of 8 the percentile rank of the value 460 is

Explanation:

Step1: Arrange data in ascending order

$448,450,460,499,514,545,848$

Step2: Use percentile - rank formula

The formula for percentile rank $PR=\frac{c + 0.5f}{n}\times100$, where $c$ is the number of values less than the data - value, $f$ is the frequency of the data - value, and $n$ is the total number of data values. Here, $n = 7$, $c = 2$, $f = 1$.
$PR=\frac{2+0.5\times1}{7}\times100=\frac{2.5}{7}\times100\approx36$

Answer:

$36$