Definitions from the Web
Quantile
Description:
A quantile is a statistical concept that divides a dataset into equal-sized intervals based on the cumulative distribution function. It is a way to identify the relative position of a value within a dataset.
Example Sentences:
- The 50th quantile, also known as the median, indicates the value that separates the dataset into two equal parts.
- The 90th quantile represents a value below which 90% of the dataset falls.
- Using quantiles, we can determine if a particular data point is above or below certain percentiles.
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