What does percentile mean?
A measure used in statistics indicating the value below which a given percentage of measured quantities fall. It is calculated by ranking all the values in a data set from smallest to largest and then selecting the value below which a certain percentage of the values fall.
Example
"The median income is the 50th percentile, while the 25th percentile is the value below which 25% of the incomes fall."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.