Use the data given below to answer the following question(s) .
Following is an extract from the Employee Payroll Database of HFR Informatics Inc. Employee Maria Peter George Smith Johnson Thompson Martinez Lewis Lee Taylor Carter Edwards Bailey Cooper Bill Cox Perry Flores Woods Cole Ethnic Group Asian American White American Hispanic American Black American Alaska Native Asian American Alaska Native White American Black American Asian American Asian American Hispanic American White American White American Alaska Native Asian American Hispanic American Alaska Native White American Asian American Gender Female Male Male Female Male Male Male Female Male Female Male Male Male Male Male Male Female Female Male Female Rank / Grade 32112232212222312231 Pay Scale A B C D E B A B A B C E B A E A C B E A
-The Excel 2010 function computes the kth percentile of data in the range specified in the array field, where k is in the range 0 to 1, inclusive.
Contractual Right
A legally enforceable claim that arises from a contractual agreement between parties.
Financial Instrument
A tool representing a monetary contract between parties that can be traded, such as stocks, bonds, or derivatives.
Substance Over Form
The concept that transactions and their effects should be recorded and reported in a way that reflects their economic reality rather than merely their legal form.
Legal Form
The specific legal structure of an entity or agreement, which determines its legal responsibilities, rights, and the regulatory framework it operates within.