Question

you determined that $65,000.00 in salary represents the 85th percentile of total compensation paid by employers for the heavy-duty mechanic job in british columbia. which statement is most accurate, given the aforementioned statement? question 54select one: a. $65,000.00 represents the median. b. 15% of employers compensate below $65,000. c. 85% of employers compensate above $55,250. d. 15% of employers compensate above $65,000.

Answer 1

The most accurate statement is option c: 85% of employers compensate above $55,250.

Step-by-step explanation:

The most accurate statement given the aforementioned information is option c. 85% of employers compensate above $55,250.

Since $65,000 represents the 85th percentile of total compensation, it means that 85% of employers compensate salaries below $65,000 and 15% compensate above $65,000. Therefore, it is accurate to say that 85% of employers compensate above $55,250, which is a lower threshold than $65,000. Option a is incorrect because the median is the value that represents the 50th percentile, not the 85th percentile. Option b is incorrect because it suggests that 15% of employers compensate below $65,000, which is the opposite of what we know. Option d is incorrect because it states that 15% of employers compensate above $65,000, whereas we know that 85% compensate above $65,000.