What is a decile rank?
Understand the Problem
The question is asking for the definition of a decile rank, which is a statistical term used to describe the position of a specific value in a sorted data set, dividing the data into ten equal parts.
Answer
A decile rank splits data into ten equal sections.
The final answer is a decile rank splits data into ten equal sections with each section representing 10% of the total.
Answer for screen readers
The final answer is a decile rank splits data into ten equal sections with each section representing 10% of the total.
More Information
Deciles are similar to quartiles but divide data into ten equal parts instead of four. This method is used in various fields, including education and finance.
Tips
Avoid confusing deciles with quartiles, which split data into four parts instead of ten.
Sources
- Understanding Class Rank Decile - CollegeVine - collegevine.com
- What is a Decile? - Statistics How To - statisticshowto.com
- Decile - Investopedia - investopedia.com
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