What are some instances in which it is more useful for someone to know their actual value for a variable than the percentile that corresponds to their value?
What are some instances in which it is more useful for someone to know the percentile that corresponds to their value for a variable than the actual value?
Imagine that someone wanted to measure the overall college acceptance rate in the United States. What figure would you put in the numerator, and what figure would you put in the denominator, to find the rate?
Considering that colleges and universities have acceptance rates that vary significantly from each other (e.g., some schools accept only 10% of applicants and others accept nearly all applicants), discuss the usefulness of calculating an overall college acceptance rate.
