What is the PERCENTILE Function?
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In corporate finance, the function can be used to examine the number of employees who scored above a certain percentile on a test.
The PERCENTILE function in MS Excel 2010 was replaced by the PERCENTILE.INC function. PERCENTILE, on the other hand, is still available in current versions of Excel (stored in the list of compatibility functions).
Formula
=PERCENTILE(array,k)
The PERCENTILE function uses the following arguments:
Array (required argument) – This is the array or range of data that defines the relative standing.
k (required argument) – The percentile value in the range 0…1, inclusive.
How to use the PERCENTILE Function in Excel?
PERCENTILE is a worksheet function that can be used as part of a formula in a worksheet cell. To comprehend the function's applications.
What is the PERCENTRANK Function?
The PERCENTRANK function is one of Excel's Statistical functions. This function returns the percentage rank of a value in a data set. It can be used to determine a value's position within a data set.
In corporate finance, we can use PERCENTRANK to determine where a specific test score stands in relation to all of the employee scores on an aptitude test.
The PERCENTILERANK function has been replaced by the functions PERCENTRANK.EXC and PERCENTRANK.INC. Although it is still available for backward compatibility, future versions of MS Excel may not include it.
Formula
=PERCENTRANK(array,x,[significance])
The PERCENTRANK function uses the following arguments:
Array (required argument) – This is the array or range of data that defines relative standing.
X (required argument) – The value for which we want to know its rank.
Significance (optional argument) – This is a value that identifies the number of significant digits for the returned percentage value. If omitted, PERCENTRANK uses three digits (0.xxx).
How to use the PERCENTRANK Function in Excel?
As a worksheet function, the PERCENTRANK function can be entered as part of a formula in a cell of a worksheet. To understand the uses of the function.
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