P95 means _____?
Correct answer: C. The point above below which 95% area lies
- A. The central 95% area
- B. The point above above which95% area lies
- C. The point above below which 95% area lies
- D. Both (a) and (b) but not (c)
Explanation
P95 is the 95th percentile, the value below which 95% of observations lie. It is therefore not the central 95% interval, which would require two boundary points.
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