For the Distribution in the Following Table,the Percentile Rank for X

question 62

True/False

For the distribution in the following table,the percentile rank for X = 19.5 is 20%.? $$\begin{array} { l r } \mathrm { X } & \mathrm { c } \% \\\hline 25 - 29 & 100 \% \\20 - 24 & 80 \% \\15 - 19 & 20 \% \\\hline\end{array}$$

---

Definitions:

Substitutes

Products or services that can substitute for one another, with a price hike in one resulting in a heightened demand for the alternative.

Complements

Goods or services that are used together, where the demand for one increases the demand for the other.

ATMs

Automated Teller Machines, electronic banking outlets that allow customers to complete transactions without the need for a human clerk or bank teller.

Banking Industry

The sector of the economy made up of banks and financial institutions that provide services like accepting deposits, lending money, and other financial activities.