In this article, we will learn How to use the PERCENTILE function in Excel.
What is percentile and percentage ?
Percentage and percentile are two different terms. The key difference between percentage and percentile is the percentage is a mathematical value presented out of 100 and percentile is the percent of values below a specific value. The percentage is a means of comparing quantities. A percentile is used to display position or rank.
For Example. If Isha scored 175 marks out of 200 where highest marks is 180 and lowest marks in 20. Then she is over 90th percentile but has 87.5% percent. Learn to recognize the difference between the two. Let's learn the syntax and example for the PERCENTILE function.
PERCENTILE Function in Excel
PERCENTILE function takes the range of values as array and value of k. And returns the interpolate value from the array.
|=PERCENTILE.EXC (array, k)|
array : list of numbers from where to find the percentile of
k : number between 0 & 1 . including 0 & 1 (both)
List of k used in the function
|Value of k||Percentage||Percentile|
|0.1||10 %||10th percentile|
|0.2||20 %||20th percentile|
|0.3||30 %||30th percentile|
|0.4||40 %||40th percentile|
|0.5||50 %||50th percentile|
|0.6||60 %||60th percentile|
|0.7||70 %||70th percentile|
All of these might be confusing to understand. Let's understand how to use the function using an example. Here we have a set of values as data ( A1 : A23 ) and we need to find some percentile values from the array.
Use the formula:
|= PERCENTILE ( data , D3)|
data - array given using named range.
D3 - value of k given as cell reference.
The function returns the 0th percentile value or minimum value which is 28 .
Now copy the formula to get different percentile values of the range to the remaining cells and formula as shown in the snapshot below.
As you can see the results in the snapshot above.
Here are some of the observations gathered using the PERCENTILE function.
Hope this article about How to use the PERCENTILE function in Excel is explanatory. Find more articles on calculating values and related Excel formulas here. If you liked our blogs, share it with your friends on Facebook. And also you can follow us on Twitter and Facebook. We would love to hear from you, do let us know how we can improve, complement or innovate our work and make it better for you. Write to us at firstname.lastname@example.org.
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