Many professional schools require applicants to take a standardized test.
Suppose that 1000 students take such a test. Several weeks after the test,
Pete receives his score report: he got a 63, which placed him at the 73rd
percentile. This means that... *
Pete scored less than about 73% of the test takers.
Pete scored less than about 63% of the test takers.
Pete scored more than about 63% of the test takers,
Pete scored more than about 73% of the test takers,
Pete's score was below the median.