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A percentile is a measure used in statistics indicating the value below which given percentage of observations in a group of observations fall. For example, the 20th percentile is the value (or score) below which 20% of the observations may be found.

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Intro to Statistics

These thoughts were extracted from Udacity online course and cover topics such as: Visualizing relationships in data, Probability, Estimation, Outliers and Normal Distribution, Inference and Regression.
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