Hi, my question is about determining what descriptive measure is appropriate to describe a set of data. Please use this as reference is applicable. Research shows that 99% of the top 5% examinees in the College Entrance Examination in University XYZ will have a very satisfactory grade in all subjects in College. Thus, the university decided to give full scholarship to the top 5% examinees in the Examination with the condition that they will not fail in any subject. If you answered 95% of the items in the College Entrance Examination correctly. Does this guarantee you full scholarship from the university?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 25SGR
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Hi, my question is about determining what descriptive measure is appropriate to describe a set of data. Please use this as reference is applicable.

Research shows that 99% of the top 5% examinees in the College Entrance Examination in University XYZ will have a very satisfactory grade in all subjects in College. Thus, the university decided to give full scholarship to the top 5% examinees in the Examination with the condition that they will not fail in any subject. If you answered 95% of the items in the College Entrance Examination correctly. Does this guarantee you full scholarship from the university? 

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