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The amount spent on textbooks for the fall term was recorded for a sample of five hundred university students. It was determined that the 75th percentile was the value $500. Which of the following interpretations of the 75th percentile is correct? (A) The average of the 500 textbook costs was $500. (B) 75% of the students sampled had textbook costs equal to $500. (C) 25% of the students sampled had textbook costs that exceeded $500. (D) 75% of the students sampled had textbook costs that exceeded $500.

The amount spent on textbooks for the fall term was recorded for a sample of five hundred university students. It was determined that the 75th percentile was the value $500. Which of the following interpretations of the 75th percentile is correct? (A) The average of the 500 textbook costs was $500. (B) 75% of the students sampled had textbook costs equal to $500. (C) 25% of the students sampled had textbook costs that exceeded $500. (D) 75% of the students sampled had textbook costs that exceeded $500.

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
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The amount spent on textbooks for the fall term was recorded for a sample of five hundred university students. It was determined that the 75th percentile was the value $500. Which of the following interpretations of the 75th percentile is correct? (A) The average of the 500 textbook costs was $500. (B) 75% of the students sampled had textbook costs equal to $500. (C) 25% of the students sampled had textbook costs that exceeded $500. (D) 75% of the students sampled had textbook costs that exceeded $500.
Transcribed Image Text:The amount spent on textbooks for the fall term was recorded for a sample of five hundred university students. It was determined that the 75th percentile was the value $500. Which of the following interpretations of the 75th percentile is correct? (A) The average of the 500 textbook costs was $500. (B) 75% of the students sampled had textbook costs equal to $500. (C) 25% of the students sampled had textbook costs that exceeded $500. (D) 75% of the students sampled had textbook costs that exceeded $500.
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