A dataset contains the following values: 23, 28, 37, 23, 45, 49, 37, 62. Rank the values. Which rank is associated with value 37?

1. Break Down the Problem

We need to rank a dataset and identify the rank associated with a specific value (37). The steps involve sorting the data and determining the rank of the specified value.

2. Relevant Concepts

• Rank: The position of a value in a sorted list.
• In case of ties (multiple instances of the same value), ranks may need to be averaged or assigned sequentially.

3. Analysis and Detail

1. Dataset: {23, 28, 37, 23, 45, 49, 37, 62}
2. Sort the Dataset: To find the ranks, we first need to sort the values in ascending order.
   • Sorted Dataset: {23, 23, 28, 37, 37, 45, 49, 62}
3. Assign Ranks:
   • Rank 1: 23
   • Rank 2: 23
   • Rank 3: 28
   • Rank 4: 37
   • Rank 5: 37
   • Rank 6: 45
   • Rank 7: 49
   • Rank 8: 62

4. Verify and Summarize

The ranks indicate that the value 37 appears in rank 4 and also rank 5 due to its two occurrences in the dataset.

Final Answer

The value 37 is associated with ranks 4 and 5 in the dataset.