In a survey collecting data about the salaries earned by recent college graduates, Li found that her salary was in the percentile. Should Li be pleased or upset by this result? Explain. (Enter your percents as whole numbers.) Li should be pleased because her salary is relatively high compared to other recent college graduates. graduates earn less than Li does while
Answer
Understanding Li’s Salary Percentile Result
A percentile indicates the percentage of people that fall below a particular value. If Li’s salary is in the 7th percentile, it means that her salary is higher than only 7% of recent college graduates. Conversely, 93% of graduates earn more than she does. This places her salary among the lowest of the group.
Li should be upset because her salary is relatively low compared to other recent college graduates. 7% of recent college graduates earn less than Li does while 93% of recent college graduates earn more than Li does.