When Finding Percentiles, If the Locator L Is Not a Whole

question 57

Multiple Choice

When finding percentiles, if the locator L is not a whole number, one procedure is to interpolate so that a locator of 23.75, for example, leads to a value that is 3/4 of the way between the 23rd and 24th scores. Use this method of interpolation to find P75 for the set of test scores below. $$\begin{array} { l l l l l l } 51 & 54 & 64 & 68 & 72 & 74 \\78 & 83 & 91 & 94 & 99 &\end{array}$$

• A) 83
• B) 85
• C) 87
• D) 91

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Definitions:

Rate Ranges

The spectrum of pay rates from minimum to maximum that are established for different pay grades or job classifications within an organization.

Average Wage Rate

The average amount of money earned per hour, day, or year by workers within a specific region, sector, or occupation.

Job Evaluation

Job evaluation is a systematic process used to determine the relative worth of jobs within an organization for the purpose of establishing fair compensation levels.

Relative Worth

The perceived value or importance of a job, task, or employee's contributions in comparison to others within an organization, often used in determining compensation.