As a result the PERCENTILE function returns 181 which means that 80 of the examinees have scores below 181. Percentile rank is commonly used as a way to interpret standing in standardized tests. As you can see price comes to be 1389 from the three orders from East having price values 30363 15334 and 9558.
The Percentile Function in Excel calculates the k-th percentile for a data set in Excel.
PERCENTILE function returns the 25 k025 percentile price for the returned array. Suppose we are given the following data. As a worksheet function PERCENTILE can be entered as part of a formula in a cell of a worksheet. This formula sits inside a small summary table with percentile values in column F and gender values in G4 and H4.