Percentile
Encyclopedia : P : PE : PER : Percentile
In descriptive statistics, the 'p'th percentile is a scale value for a data series equal to the p/100 quantile.
Thus:
- The 1st percentile cuts off lowest 1% of data
- The 98th percentile cuts off lowest 98% of data
One definition is that the pth percentile of n ordered values is obtained by first calculating the rank k = p(n+1)/100, rounded to the nearest integer and then taking the value that corresponds to that rank.
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.
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
External links
- [Free Online Software (Calculator)] computes Percentiles for any dataset according to 8 different percentile definitions.
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