The 98th percentile represents a worth above which 98% of the info in a given set falls. As an example, if a person’s rating on a standardized check is within the 98th percentile, this signifies that the person carried out higher than 98% of the opposite check takers.
Understanding percentile rankings is essential for decoding efficiency inside a gaggle. It presents a standardized method to examine particular person achievements towards a bigger inhabitants, eradicating the anomaly of uncooked scores. Traditionally, percentiles have been utilized in schooling, healthcare, and finance to benchmark efficiency and establish outliers or people requiring particular consideration or sources.