The following are the annual salaries of 19 chief executive officers of major companies. (The salaries are written in thousands of dollars.) \( 633,224,204,157,134,542,405,75,767,1250,814,676,84,315,586,362,495,381,472 \) Send data to calculator Find \( 20^{\text {th }} \) and \( 75^{\text {th }} \) percentiles for these salaries. (a) The \( 20^{\text {th }} \) percentile: \( \square \) thousand dollars (b) The \( 75^{\text {th }} \) percentile: \( \square \) thousand dollars
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To find the 20th and 75th percentiles of the given salaries, we'll first organize the data in ascending order: \( 75, 84, 134, 157, 204, 224, 362, 381, 405, 472, 542, 586, 633, 676, 714, 814, 1250 \). Next, we need to determine the positions of the percentiles. For the \( 20^{th} \) percentile: 1. Calculate the rank: \( P = \frac{20}{100} \times (n+1) \) where \( n = 19 \), so \( P = \frac{20}{100} \times 20 = 4 \). 2. The 20th percentile corresponds to the 4th value in the ordered list, which is **157** thousand dollars. For the \( 75^{th} \) percentile: 1. Calculate the rank: \( P = \frac{75}{100} \times (n+1) \), so \( P = \frac{75}{100} \times 20 = 15 \). 2. The 75th percentile corresponds to the 15th value in the ordered list, which is **814** thousand dollars. Thus, the answers are: (a) The \( 20^{th} \) percentile: \( 157 \) thousand dollars (b) The \( 75^{th} \) percentile: \( 814 \) thousand dollars
