The pth percentile is a value such that approximately
a. p percent of the observations are less than the value and (100 - p) percent are more than this value.
b. p percent of the observations are less than the value and p percent are more than this value.
c. (100 - p) percent of the observations are less than the value and p percent are more than this value.
d. (100 - p) percent of the observations are less than the value and (100 - p) percent are more than this value.
Question 2
If there is a maximum of 4,000 hours of labor available per month and 300 ping-pong balls (x1) or 125 wiffle balls (x2) can be produced per hour of labor, which of the following constraints reflects this situation?
a. 300x1 + 125x2 > 4,000
b. 300x1 + 125x2 < 4,000
c. 425(x1 + x2) < 4,000
d. 300x1 + 125x2 = 4,000
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