Percentile Calculation Formula
Percentiles are a way to represent where a given value falls within a distribution of values. The percentile of a value is the percentage of the data that is equal to or below that value.
To calculate the percentile of a given value, you need to follow these steps:
Sort the data in ascending order.
Count the number of values that are less than or equal to the given value.
Divide the count from step 2 by the total number of values in the dataset.
Multiply the result from step 3 by 100 to get the percentile.
