Percentile
Definition
In descriptive statistics, using the percentile is a way of providing estimation of proportions of the data that should fall above and below a given value. The th percentile is a value such that at most of the observations are less than this value and that at most are greater.
Thus:
- The 1st percentile cuts off lowest 1% of data
- The 98th percentile cuts off lowest 98% of data
The 25th percentile is the first quartile; the 50th percentile is the median.
One definition is that the pth percentile of n ordered values is obtained by first calculating the rank , rounded to the nearest integer and then taking the value that corresponds to that rank.[1] One alternative method, used in many application, is to use a linear interpolation between the two nearest ranks instead of the rounding.
Linked with the percentile function, there is also a weighted percentile, where the percentage in the total weight is counted instead of the total number. In most spreadsheet applications there is no standard function for a weighted percentile.
Examples
When ISPs bill "Burstable" Internet bandwidth, the 95th or 98th percentile usually cuts off the top 5% or 2% of bandwidth peaks in each month, and then bills at the nearest rate. In this way infrequent peaks are ignored, and the customer is charged in a fairer way.
Physicians will often use infant and children's weight and height percentile as a gauge of relative health.
See also
The Persian equivalent is صدك Compare with decile: دهك
References
- ↑ Pottel, Hans. Statistical flaws in Excel. Retrieved on 2006-03-22.
External links
- Free Online Software (Calculator) computes Percentiles for any dataset according to 8 different percentile definitions.
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