Concept:
In statistics, datasets are often divided into equal parts to understand distribution and relative position of data values. These divisions are known as quantiles.
Answer:
The process of dividing a dataset into
100 equal parts is called Percentiles.
Explanation:
Percentiles divide data into 100 equal parts.
Each percentile represents the percentage of data below a specific value.
For example:
25th percentile → 25% of data lies below it.
50th percentile → Median of the dataset.
90th percentile → 90% of data lies below it.
Related Terms:
Quartiles: Divide data into 4 equal parts.
Deciles: Divide data into 10 equal parts.
Percentiles: Divide data into 100 equal parts.
Conclusion:
When a dataset is divided into 100 equal parts to analyze distribution, the process is called calculating percentiles.