#What's the difference between "percentile" vs "probability" ?
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xth percentile means x% of the data lies below it and (100-x)% of the data lies above it
so 10th percentile for example means 10% of the data lies below it and 90% lies above it
and no not directly similar to probability
its just the position of a particular data point in an ordered set
as rishi said
yep I see
as far as I remember it was used in cumulative frequency curves
any reason why it's used there?
this is the only place I come across percentile so far
because that's the natural home of percentiles.
by the nature of cumulative frequency curves, the x-axis indicate the number of data points (up to a particular x-value) and the y-value is the (sorted) value of the data point at that x-value/position. so reading along the x-axis, the nth percentile is just reading along n% between 0 and the top of the cumulative freq. curve