noun
- values that divide a dataset into equal parts, such as quartiles (four parts) or percentiles (one hundred parts)
Usage: statistics; mathematics
Examples
- The researcher calculated quantiles to better understand the distribution of test scores.
- Quartiles are a type of quantile that divide data into four equal groups.
- The median is the 50th percentile, which is also a quantile.
- Financial analysts use quantiles to assess risk in investment portfolios.
- The dataset was divided into deciles, with each quantile representing 10% of the data.
- Understanding quantiles helps interpret statistical reports and research findings.