Assume 75th percentile wage is 90$ per hour, while 50th percentile is 85$ per hour, and...

Question

Question

Assume 75th percentile wage is 90$ per hour, while 50th percentile is 85$ per hour, and 25th percentile wage is 10$.
1. Calculate w75/w50.
2. Calculate w75/w25.
3. Calculate w50/w25.

Answer 1

Answer #1

1. w75/w50 = 90/85 = 1.06

2. w75/w25 = 90/10 = 9

3. w50/w25 = 85/10 = 8.5.

Thanks!

Answer 2

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