What is the difference between decile and percentile?

Definitions

decile

- Used in statistics to divide a distribution of data into ten equal parts.

- Referring to a group of individuals or entities ranked from highest to lowest based on a specific characteristic or variable.

- Talking about a score that represents the point below which a given percentage of observations fall.

percentile

- Used in statistics to divide a distribution of data into one hundred equal parts.

- Referring to a group of individuals or entities ranked from highest to lowest based on a specific characteristic or variable.

- Talking about a score that represents the point below which a given percentage of observations fall.

List of Similarities

• 1. Both decile and percentile are used in statistics to divide a distribution of data into equal parts.
• 2. Both refer to a group of individuals or entities ranked based on a specific characteristic or variable.
• 3. Both use scores to represent the point below which a given percentage of observations fall.

What is the difference?

• 1. Scale: Decile divides data into ten equal parts, while percentile divides data into one hundred equal parts.
• 2. Precision: Percentile provides more precise information about the distribution of data than decile.
• 3. Usage: Decile is more commonly used in finance and economics, while percentile is more commonly used in healthcare and education.
• 4. Calculation: Decile is calculated by dividing the data into ten equal parts and ranking them, while percentile is calculated by dividing the data into one hundred equal parts and ranking them.
• 5. Representation: Decile is represented by a number between 1 and 10, while percentile is represented by a number between 1 and 100.

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Remember this!

Decile and percentile are both statistical terms used to divide a distribution of data into equal parts and rank individuals or entities based on a specific characteristic or variable. However, decile divides data into ten equal parts, while percentile divides data into one hundred equal parts. Additionally, percentile provides more precise information about the distribution of data than decile.