I am confused between the 2 terms, what’s the difference between PERCENTILE AND PERCENTILE RANK.
Edit -
Also, can you please also explain why do we do (n+1) in the percentile calculation. I’m still confused about it
I am confused between the 2 terms, what’s the difference between PERCENTILE AND PERCENTILE RANK.
Edit -
Also, can you please also explain why do we do (n+1) in the percentile calculation. I’m still confused about it
Hi,
There’s not much of a difference in Percentile and Percentile Rank. If we say we need to find out 80th percentile from a given data, then 80 will be the rank.
For usage of (n+1), I think this thread might help you well.