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The median annual salary for travel agents is P300,000. If the 80th percentile for the annual salary of a travel agent is P500,000, approximately what percent of the travel agents have annual salaries less than P300,000?

Answer :

Using the percentile concept, it is found that 50% of travel agents have annual salaries less than P300,000.

  • In a data-set, if a measure is at the xth percentile, x% of the measures are less than x.
  • The median of the data-set separates the bottom half from the upper half, that is, it is the 50th percentile.

In this problem, the median is of P300,000, and thus, 50% of travel agents have annual salaries less than P300,000.

A similar problem is given at https://brainly.com/question/24495213

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