Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Oct 2017 My Price 8.00

movie budget amounts

Interpolation When finding percentiles using Figure 3-5, if the locator L is not a whole number, we round it up to the next larger whole number. An alternative to this procedure is to interpolate. For example, using interpolation with a locator L =23.75 of leads to a value that is 0.75 (or 3/4 ) of the way between the 23rd and 24th values. Use this method of interpolation to find p25 (or Q1 ) for the movie budget amounts in Table 3-4 on page 116. How does the result compare to the value that would be found by using Figure 3-5 without interpolation?

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Figure 3-5 Converting from the kth  Percentile to the Corresponding Data Value

Table 3-4 Sorted Movie Budget Amounts (in millions of dollars)

4.5

5

6.5

7

20

20

29

30

35

40

40

41

50

52

60

65

68

68

70

70

70

72

74

75

80

100

113

116

120

125

132

150

160

200

225

 

 

Answers

(5)
Status NEW Posted 04 Oct 2017 11:10 PM My Price 8.00

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