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4. The following list shows the 15 largest banks in the world by assets according to Standard and Poor's. Compute the median and the mean

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4. The following list shows the 15 largest banks in the world by assets according to Standard and Poor's. Compute the median and the mean assets from this group. Which of these two measures do you think is most appropriate for summarizing these data, and why? What is the value of Q2? Determine the 63rd percentile for the data. Determine the 29th percentile for the data. How could such information on percentiles potentially help banking decision-makers? Bank Assets (US$ millions) Industrial & Commercial Bank of China (ICBC) 4,009 China Construction Bank Corp. 3,400 Agricultural Bank of China 3,236 Bank of China 2,992 Mitsubishi UFJ Financial Group 2,785 JPMorgan Chase & Co. 2,534 HSBC Holdings 2,522 BNP Paribas 2,357 Bank of America 2,281 Credit Agricole 2,117 Wells Fargo & Co. 1,952 Japan Post Bank 1,874 Citigroup Inc. 1,842 Sumitomo Mitsui Financial Group 1,175 Deutsche Bank 1,166

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