What are percentiles and how do they work?
An example of an AI chatbot conversation about understanding percentiles in statistics.
What are percentiles and how do they work?
Percentiles are measures that indicate the value below which a given percentage of observations fall. For example, the 50th percentile is the median.
How do I calculate the 25th percentile?
To calculate the 25th percentile, you first need to arrange your data in ascending order, then find the value at the position that corresponds to 25% of the data.
Can you give me an example with numbers?
Sure! If you have the data set: 3, 7, 8, 12, 14, the 25th percentile is the value at the 1.25 position, which is between 7 and 8, so it's 7.75.
What about the 75th percentile?
The 75th percentile, also known as the third quartile, is the value below which 75% of the data falls. In the same data set, it would be 12.
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