Asilent auction was held for a quilt donated for charity. fifteen bids that were drawn randomly are listed here. what percentile is the bid value $105?
$85    $240    $120    $60    $315    $190    $145    $105    $285    $260    $95    $215    $235    $175    $155
20th percentile
80th percentile
33rd percentile
27th percentile

27th percentile

Explanation:

Order the bid values in ascending order (smallest to largest)

60 85 95 105 120 145 155 175 190 215 235 240 260 285 315

Using the formula

Rank of 105 is 4

So the percentile of the bid value $105 is 25th percentile

But since 25th percentile is not among the options given, then 27th percentile will be the answer.

Going by the same formula, 27th percentile gives us the rank 4.05 which approximately is 4.

the correct answers is true

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