This the the first time i didnt understand anything...why u need to find the 50th? Is that mentioned in the question? And all those confusing solutions...this question really hangs up my mind.
We are asked to find the median salary. In a large set of data the median is the 50th Percentile. So 50th percentile salary here is same as median salary
Hello, The median is the 50th percentile value in a data set. z represents the value between the 54th and 58th percentile, and is therefore inconsequential to our calculation. We were only concerned with values in and around the 50th percentile. Cheers.
This the the first time i didnt understand anything...why u need to find the 50th? Is that mentioned in the question? And all those confusing solutions...this question really hangs up my mind.
We are asked to find the median salary. In a large set of data the median is the 50th Percentile. So 50th percentile salary here is same as median salary
Sir can you please explain the percentile concept more elaborately?
Yes we need more practice with simple questions in order to understand this one. One tutorial on this concept will be highly appreciated
u took x= 4,then y=4 but didnt do the same for z and concluded the result.why so?
Hello,
The median is the 50th percentile value in a data set.
z represents the value between the 54th and 58th percentile, and is therefore inconsequential to our calculation.
We were only concerned with values in and around the 50th percentile.
Cheers.