Consider the following data about the annual sales ($000's) of 50 employees (sorted in ascending order). What is the 75th percentile of annual sales? 274 387 530 580 635 295 400 535 583 663 300 403 540 585 670 305 405 541 586 671 313 420 542 600 688 316 424 546 604 694 340 460 552 607 710 351 481 556 611 716 382 499 559 627 724 385 528 575 633 738

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Consider the following data about the annual sales ($000's) of 50 employees (sorted in ascending order). What is the 75th percentile of
annual sales?
274
387
530
580
635
295
400
535
583
663
300
403
540
585
670
305
405
541
586
671
313
420
542
600
688
316
424
546
604
694
340
460
552
607
710
351
481
556
611
716
382
499
559
627
724
385
528
575
633
738
Transcribed Image Text:Consider the following data about the annual sales ($000's) of 50 employees (sorted in ascending order). What is the 75th percentile of annual sales? 274 387 530 580 635 295 400 535 583 663 300 403 540 585 670 305 405 541 586 671 313 420 542 600 688 316 424 546 604 694 340 460 552 607 710 351 481 556 611 716 382 499 559 627 724 385 528 575 633 738
Expert Solution
Step 1: Given information

The following data about the annual sales of 50 employees are given below.

274
295
300
305
313
316
340
351
382
385
387
400
403
405
420
424
460
481
499
528
530
535
540
541
542
546
552
556
559
575
580
583
585
586
600
604
607
611
627
633
635
663
670
671
688
694
710
716
724
738
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