Outrageously Funny Word Dictionary :: Quantile

👉 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

quantiles

👉 Quantile is a statistical concept that refers to the value below which half of all observations lie. It can also be defined as the point at which 25% of data falls below it. For example, in a normal distribution with mean μ and standard deviation σ, the median (the middle observation) is q = (−∞ + μ)/2, while the quantile (the value that separates half of all observations from the other half) is q = √(2/μ

quantile