Find the Percentile for the Data Point $\mathrm { P } _ { 16 }$

question 49

Multiple Choice

Find the percentile for the data point.
-The weights (in pounds) of 30 newborn babies are listed below. Find $\mathrm { P } _ { 16 }$ .
$\begin{array} { l l l l l l l l l l } 5.5 & 5.7 & 5.8 & 5.9 & 6.1 & 6.1 & 6.4 & 6.4 & 6.5 & 6.6 \end{array}$
$\begin{array} { l l l l l l l l l l } 6.7 & 6.7 & 6.7 & 6.9 & 7.0 & 7.0 & 7.0 & 7.1 & 7.2 & 7.2 \end{array}$
$\begin{array} { l l l l l l l l l l } 7.4 & 7.5 & 7.7 & 7.7 & 7.8 & 8.0 & 8.1 & 8.1 & 8.3 & 8.7 \end{array}$

• A)5.9
• B)6.1
• C)6.0
• D)4.8

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Definitions:

Equilibrium

The state in a market where supply equals demand, and there is no external pressure for the market price or quantity to change.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a given price in a given period.

Quantity Supplied

The total amount of a good or service that producers are willing to sell at a given price over a specific period.

Demand Increase

A situation where there is a higher quantity of a good or service desired at each price level, often depicted as a rightward shift of the demand curve.