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Percentile

March 10, 2008

Percentiles are common measures of dispersion in salary survey analysis.

For instance, at 75th percentile means that 75% of all pay rates are at or below that point, and 25% are above.

The percentile for an observation x_ is found by dividing the number of observations less than _x by the total number of observations and then multiplying this quantity by 100.

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