The Pth Percentile Is a Value Such That Approximately

Multiple Choice

The pth percentile is a value such that approximately

A) p percent of the observations are less than the value and (100 - p) percent are more than this value.
B) p percent of the observations are less than the value and p percent are more than this value.
C) (100 - p) percent of the observations are less than the value and p percent are more than this value.
D) (100 - p) percent of the observations are less than the value and (100 - p) percent are more than this value.