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- A statistical series.
Recall that the percentile is the value such that at least
interest-percent of the data set items are less than or equal to this value, or equivalently if at least
(100-interest)percent of the items are greater than or equal to this value.
50-th percentile is the measure of centrality of a data set known as the median. The median can also be evaluated using FinancialMedian.
75-th percentiles are often referred to as the
2-nd (median) and
3-rd quartile respectively. The term quartile refers to the fact that these three values will roughly divide the data set considered into four equal parts.