The 30^th Percentile,P₃₀,is a Value Such That at Most 30

question 195

True/False

The 30^th percentile,P₃₀,is a value such that at most 30% of the data are smaller in value than P₃₀ and at most 70% of the data are larger.

---

Definitions:

Compound Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Principal

The original sum of money borrowed in a loan, or the initial amount of investment, excluding any interest or dividends.

Maturity Value

The amount that will be received at the maturity date of an investment, including the principal and any accrued interest.

Future Value

The value of an asset or cash at a specified date in the future calculated based on assumed rate of growth or interest.