If a Value Represents the 95^th Percentile, This Means That

Multiple Choice

If a value represents the 95^th percentile, this means that:

A) 95% of all values are below this value
B) 95% of all values are above this value
C) 95% of the time you will observe this value
D) there is a 5% chance that this value is incorrect
E) there is a 95% chance that this value is correct