QUESTION IMAGE
Question
the boxplot below shows salaries for cpas and actuaries in a town.
cpa
actuary
if a person is making the median salary for a cpa, they are making less than or equal to% of actuaries.
Step1: Identify the median of CPA
In a box - plot, the line inside the box represents the median. For CPA, let's assume the median is \(M_{CPA}\).
Step2: Analyze the position of \(M_{CPA}\) with respect to Actuary's box - plot
Looking at the Actuary's box - plot, the median of CPA (\(M_{CPA}\)) is at the third - quartile (\(Q_3\)) position of the Actuary's data.
The third - quartile (\(Q_3\)) of a data set represents the value below which \(75\%\) of the data lies.
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\(75\)