05-Statistics
Inferential statistics
Percentiles and Quartiles
A percentile is a value below which a certain percentage of observation or data points lies.
Percentiles show how a given value compares to others.
The general rule is that if a value is in the kth percentile, it is greater than K per cent of the total values.
Find percentile of n
P = (n/N) * 100
n = Ordinal rank of values
= No of values below n
N = Total values in the dataset
P% of the entire distribution falls below the value n