Mathematical Probability Theory
Percentiles are measures that indicate the relative standing of a value within a dataset, dividing the data into 100 equal parts. They help to understand how a particular score compares to others in the same dataset. For instance, if a score falls at the 70th percentile, it means that the score is higher than 70% of the values in the dataset. Percentiles are particularly useful in analyzing continuous distributions, probability density functions, and cumulative distribution functions to summarize data and make informed decisions based on statistical analysis.
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