How does a percentile differ from a quartile in statistical terms?
- A percentile divides the data set into 100 equal parts, while a quartile divides it into four parts
- A percentile is the middle value of the data set, while a quartile is the average of the first and third quartiles
- A percentile is the range between the maximum and minimum values, while a quartile is the range between the first and third quartiles
- A percentile represents the median of the data set, while a quartile represents the mean
Percentiles divide the data set into 100 equal parts, while quartiles divide it into four parts. Percentiles are more granular, providing a more detailed view of data distribution.
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