How to use PERCENTILE function in Excel

Summary In this tutorial, we will cover the steps to use the PERCENTILE function in Excel. This function is invaluable in statistics, as it returns the k-th percentile of values in a range. It's an essential tool for finance professionals and data analysts looking to refine their Excel skills.

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Step 1: Understanding the PERCENTILE Function

First, it's important to understand what the PERCENTILE function does. The syntax is: PERCENTILE(array, k).

• array: The array or range of data points.
• k: The percentile value in the range 0..1.

You can refer to the Microsoft Office documentation for more details.

Step 2: Open Excel and Input Your Data

Open a new Excel workbook and input your data into a range of cells. For example, you might put your data set into cells A1:A10.

Step 3: Apply the PERCENTILE Function

Select a new cell where you want the result to appear, say cell B1. Type =PERCENTILE(A1:A10, 0.9) and hit Enter. This will give you the 90th percentile of the data set in cells A1:A10.

Step 4: Interpret the Result

Excel will calculate the PERCENTILE function, and the result will appear in cell B1. This value is the 90th percentile of the values in the cells A1:A10.

Step 5: Adjust and Experiment as Needed

You can adjust the input values or extend the use of the function to other data in your workbook. The PERCENTILE function can be applied for sophisticated statistical analyses, which is a crucial skill in finance and data analytics.

Consider this LinkedIn Learning Course for a comprehensive understanding of Excel's statistical functions.

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