the boxplot below shows salaries for cpas and actuaries in a town.\ncpa\nactuary\n20 30 40 50 60 70 80 90…
the boxplot below shows salaries for cpas and actuaries in a town.\ncpa\nactuary\n20 30 40 50 60 70 80 90 100\nsalary (thousands of $)\nif a person is making the minimum salary for a cpa, they are making less than % of actuaries.
Answer
Explanation:
Step1: Identify minimum CPA salary
From the box - plot, the minimum salary for a CPA is around 30 thousand dollars.
Step2: Analyze actuary salary distribution
The first - quartile (25th percentile) of actuary salaries is around 60 thousand dollars. Since 30 thousand dollars (CPA minimum) is less than the first - quartile of actuary salaries, it is less than 25% of actuary salaries.
Answer:
25