Hello dear friends, thank you for choosing us. In this post on the solsarin site, we will talk about “ how do you calculate percentile in excel“.
Stay with us.
Thank you for your choice.
Excel PERCENTILE Function
Summary
The Excel PERCENTILE function calculates the “kth percentile” for a set of data. A percentile is a value below which a given percentage of values in a data set fall. You can use PERCENTILE to determine the 90th percentile, the 80th percentile, etc.
The Excel PERCENTILE function calculates the “kth percentile” for a set of data. A percentile is a value below which a given percentage of values in a data set fall. A percentile calculated with .4 as k means 40% percent of values are less than or equal to the calculated result, a percentile calculated with k = .9 means 90% percent of values are less than or equal to the calculated result.
To use PERCENTILE, provide a range of values and a number between 0 and 1 for the “k” argument, which represents percent. For example:
Note: Microsoft classifies PERCENTILE as a “compatibility function”, now replaced by the PERCENTILE.INC function.
Percentile IF in table
This formula sits inside a small summary table with percentile values in column F and gender values in G4 and H4. Working from the inside out, the IF function is set up like this: IF(Table[Gender]=G$4,Table[Score…
Excel SMALL Function
The Excel SMALL function returns numeric values based on their position in a list ranked by value. In other words, it can retrive “nth smallest” values – 1st smallest value, 2nd smallest value, 3rd smallest value, etc.
Excel LARGE Function
The Excel LARGE function returns numeric values based on their position in a list when sorted by value. In other words, it can retrieve “nth largest” values – 1st largest value, 2nd largest value, 3rd largest value, etc.
Excel RANK Function
The Excel RANK function returns the rank of a numeric value when compared to a list of other numeric values. RANK can rank values from largest to smallest (i.e. top sales) as well as smallest to largest (i.e. fastest time).
PERCENTILE function
Excel for Microsoft 365Excel for Microsoft 365 for MacExcel for the webExcel 2019More…
Returns the k-th percentile of values in a range. You can use this function to establish a threshold of acceptance. For example, you can decide to examine candidates who score above the 90th percentile.
Important:
This function has been replaced with one or more new functions that may provide improved accuracy and whose names better reflect their usage. Although this function is still available for backward compatibility, you should consider using the new functions from now on, because this function may not be available in future versions of Excel.
For more information about the new functions, see PERCENTILE.EXC function and PERCENTILE.INC function.
Syntax
PERCENTILE(array,k)
The PERCENTILE function syntax has the following arguments:
array Required. The array or range of data that defines relative standing.
k Required. The percentile value in the range 0..1, inclusive.
Remarks
If k is non-numeric, PERCENTILE returns the #VALUE! error value.
If k is < 0 or if k > 1, PERCENTILE returns the #NUM! error value.
If k is not a multiple of 1/(n – 1), PERCENTILE interpolates to determine the value at the k-th percentile.
In corporate finance, we can use the function to analyze, for example, the number of employees who scored above a certain percentile on a test.
In MS Excel 2010, the PERCENTILE function was replaced by the PERCENTILE.INC function. However, PERCENTILE is still available in current versions of Excel (stored in the list of compatibility functions).
Formula
=PERCENTILE(array,k)
The PERCENTILE function uses the following arguments:
Array (required argument) – This is the array or range of data that defines the relative standing.
k (required argument) – The percentile value in the range 0…1, inclusive.
How to use the PERCENTILE Function in Excel?
As a worksheet function, PERCENTILE can be entered as part of a formula in a cell of a worksheet.
Percentage
In mathematics, a percentage (from Latin per centum “by a hundred”) is a number or ratio expressed as a fraction of 100. It is often denoted using the percent sign, “%”,[1][2] although the abbreviations “pct.”, “pct” and sometimes “pc” are also used.[3] A percentage is a dimensionless number (pure number); it has no unit of measurement.
Examples
For example, 45% (read as “forty-five percent”) is equal to the fraction 45/100, the ratio 45:55 (or 45:100 when comparing to the total rather than the other portion), or 0.45. Percentages are often used to express a proportionate part of a total.
(Similarly, one can also express a number as a fraction of 1000, using the term “per mille” or the symbol “‰”.)
Example 1
If 50% of the total number of students in the class are male, that means that 50 out of every 100 students are male. If there are 500 students, then 250 of them are male.
Example 2
An increase of $0.15 on a price of $2.50 is an increase by a fraction of 0.15/2.50 = 0.06. Expressed as a percentage, this is a 6% increase.
While many percentage values are between 0 and 100, there is no mathematical restriction and percentages may take on other values. For example, it is common to refer to 111% or −35%, especially for percent changes and comparisons.