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If a value represents the 5 th percentile, this means that there is a 5% chance

ID: 3298148 • 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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