👉 Quantiles are a class of numerical summaries used in statistics and data analysis to describe the distribution of values. They are often represented by numbers that divide the data into classes, where each class is defined by its median or other quantitative measure.
In statistics, quantiles can be classified as follows:
1.
Percentiles
: These are the values that occur at a specified percentile (e.g., 25th, 50th, 75th, etc.) of the data set
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What is the definition of Quantiles? 🙋
