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Definitions from the Web

Quantile

Description:

A quantile is a statistical concept that divides a dataset into equal-sized intervals based on the cumulative distribution function. It is a way to identify the relative position of a value within a dataset.

Example Sentences:

• The 50th quantile, also known as the median, indicates the value that separates the dataset into two equal parts.
• The 90th quantile represents a value below which 90% of the dataset falls.
• Using quantiles, we can determine if a particular data point is above or below certain percentiles.

Possible Related Products:

• Quantile Statistics Books on Amazon
• Quantile Analysis Tools on Amazon