Solution:
First we arrange given data in ascending order:
453 , 498 , 514 , 552 , 651
We have to find first percentile P1 using formula:
Total count = n = 5
K = 1
Pk = 0.06
Since the position found is not integer, the method of interpolation needs to be used. The 1% percentile is located between the values in the positions 0 and 1. Those values, based on the data organized in ascending order, are and 453.
The value of 0.06 - 0 = 0.06 corresponds to the proportion of the distance between and 453 where the percentile we are looking for is located at. In fact, we compute
P1 = 0 + 0.06 × (453 - 0) = 27.18
Hence, first percentile = 27.18
Done
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