If a value represents the 5 th percentile, this means that there is a 5% chance
ID: 3271528 • Letter: I
Question
If a value represents the 5th percentile, this means that
there is a 5% chance that this value is incorrect
there is a 95% chance that this value is correct
95% of all values are above this value
5% of the time you will observe this value
95% of all values are below this value
a.there is a 5% chance that this value is incorrect
b.there is a 95% chance that this value is correct
c.95% of all values are above this value
d.5% of the time you will observe this value
e.95% of all values are below this value
Explanation / Answer
If a value represents the 5th percentile, this means that 95% of all values are above this value
which is given in option c.
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