Multiple Choice
The income at the 85th percentile for an Econogreat is $100,000 and the income at the 15th percentile is $8,500.Which of the following is true?
A) The incomes of those at the 85th percentile of the income distribution for Econogreat are 8.l5 percent as large as the incomes of those at the 15th percentile.
B) The incomes of those at the 85th percentile of the income distribution for Econogreat are 1.5 percent as large as the incomes of those at the 15th percentile.
C) The incomes of those at the 85th percentile of the income distribution for Econogreat are 11.8 times as large as the incomes of those at the 15th percentile.
D) The incomes of those at the 85th percentile of the income distribution for Econogreat are 1.5 times as large as the incomes of those at the 15th percentile.
Correct Answer:
Verified
Correct Answer:
Verified
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