16. (2.27) The National Association of College and University...

16.(2.27) The National Association of College and University Business Officers collects data on college endowments. In 2013, 849 colleges and universities reported the value of their endowments. When the endowment values are arranged in order, what are the locations of the median and the quartiles in this ordered list? Note, use half integers to represent results in between actual positions. Be sure you calculate your results manually exactly as described in the text and not using software which may have slightly different definitions for the median and quartiles.

Step 1:

The median is in position _____.

Step 2:

The first quartile is in position _______.

Step 3:

The third quartile is in position ______.