Measures of relative position compare the position of one value in relation to other values in the data set.
Definition3.4.1.
If \(n\%\) of the items in a distribution are less than a particular data item, we say that the data item is in the \(n\)th percentile of the distribution.
In Excel: PERCENTILE.EXC
Definition3.4.2.
The percentile rank identifies the percentile of a particular value within a data set.
In Excel: PERCENTRANK.EXC
Exercise3.4.3.
A new baby is in the \(30\)th percentile for weight. What does that mean?
Answer.
\(30\%\) of babies (at that age) weigh less than this baby.
Definition3.4.4.
Quartiles are commonly encountered percentiles. Quartiles divide data sets into four equal parts.
Figure3.4.5.Quartiles Example powered by Desmos
The first, second, and third quartiles in a data set are the values for the \(25\)th, \(50\)th, and \(75\)th percentiles, respectively. They are denoted by \(Q_1\text{,}\)\(Q_2\text{,}\) and \(Q_3\text{.}\)
The data in the Excel file below lists the U.S. and Canadian box-office revenues for the highest grossing films of all time (in millions of dollars). Use Excel formulas to calculate the following:
Outliers are any data points less than \(Q_1-(1.5)\cdot (IQR)\) or greater than \(Q_3+(1.5)\cdot (IQR)\text{.}\)
Exercise3.4.11.
The Excel file below includes average rent prices in a number of places in Colorado in quarter 3 of 2015. Create a box-and-whisker plot for the average rent prices and identify any outliers.