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According to www.experian.com, the average FICO score in the United States was around 703 in September 2019. Suppose the following data represent the credit scores of 22 randomly selected loan applicants. 2₁ a. Calculate the values of the three quartiles and the interquartile range. Where does the value 572 fall in relation to these quartiles? 22 23 i = i = i IQR = i 354 812 481 639 724 600 406 572 650 531 778 The value 572 is in the 625 707 695 604 615 797 430 628 462 744 749 25% group from the bottom in the (ranked) data set.

According to www.experian.com, the average FICO score in the United States was around 703 in September 2019. Suppose the following data represent the credit scores of 22 randomly selected loan applicants. 2₁ a. Calculate the values of the three quartiles and the interquartile range. Where does the value 572 fall in relation to these quartiles? 22 23 i = i = i IQR = i 354 812 481 639 724 600 406 572 650 531 778 The value 572 is in the 625 707 695 604 615 797 430 628 462 744 749 25% group from the bottom in the (ranked) data set.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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According to www.experian.com, the average FICO score in the United States was around 703 in September 2019. Suppose the following data represent the credit scores of 22 randomly selected loan applicants. 2₁ 22 Q3 a. Calculate the values of the three quartiles and the interquartile range. Where does the value 572 fall in relation to these quartiles? || || || - IQR 354 The value 572 is in the 625 812 481 639 724 600 406 572 650 531 778 707 695 604 615 797 430 628 462 744 749 ✓25% group from the bottom in the (ranked) data set.
Transcribed Image Text:According to www.experian.com, the average FICO score in the United States was around 703 in September 2019. Suppose the following data represent the credit scores of 22 randomly selected loan applicants. 2₁ 22 Q3 a. Calculate the values of the three quartiles and the interquartile range. Where does the value 572 fall in relation to these quartiles? || || || - IQR 354 The value 572 is in the 625 812 481 639 724 600 406 572 650 531 778 707 695 604 615 797 430 628 462 744 749 ✓25% group from the bottom in the (ranked) data set.
b. Find the approximate value of the 10th percentile. Give a brief interpretation of this percentile. Enter an exact answer. Approximately 10% of the credit scores of applicants are c. Calculate the percentile rank of 604. Give a brief interpretation of this percentile rank. Round your answer to two decimal places. i % this value. This percentage of the credit scores of applicants are 604.
Transcribed Image Text:b. Find the approximate value of the 10th percentile. Give a brief interpretation of this percentile. Enter an exact answer. Approximately 10% of the credit scores of applicants are c. Calculate the percentile rank of 604. Give a brief interpretation of this percentile rank. Round your answer to two decimal places. i % this value. This percentage of the credit scores of applicants are 604.
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