Find the percentile rank

Question

The average weekly earnings in dollars for various industries are listed below. Find the percentile rank of each value. Round to the nearest whole percentile.

455, 480, 459, 651, 499, 652

The percentile rank of the value 455 is?

Answer 1

Percentile rank of a value = ((Rank of the value - 1) / (n - 1)) x 100

For the sorted dataset 455, 459, 480, 499, 651, 652, with a total count of 6 items:

1. For the value 455 (rank 1):
2. Percentile Rank = ((1 - 1) / (6 - 1)) x 100 = 0%
3. For the value 459 (rank 2):
4. Percentile Rank = ((2 - 1) / (6 - 1)) x 100 = 20%
5. For the value 480 (rank 3):
6. Percentile Rank = ((3 - 1) / (6 - 1)) x 100 = 40%
7. For the value 499 (rank 4):
8. Percentile Rank = ((4 - 1) / (6 - 1)) x 100 = 60%
9. For the value 651 (rank 5):
10. Percentile Rank = ((5 - 1) / (6 - 1)) x 100 = 80%
11. For the value 652 (rank 6):
12. Percentile Rank = ((6 - 1) / (6 - 1)) x 100 = 100%

These are the percentile ranks rounded to the nearest whole number.