It is usually a term used to describe a certain value within a probability distribution. It is used a lot in describing test scores. Someone who scored at the 98.66 percentile on a test would have received a score that was equal to or greater than 98.66 percent of those who also took that test. Sometimes a sample is used and the results are generalized over a total population. In that case someone who scored at the 98.66 percentile would have received a score that is estimated to be equal to or greater than 98.66 percent of a whole population. Congratulations if you scored at the 98.66th percentile. That is very good!
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It is the 31st percentile.
Mean.
It means that 85% of people are under it
example. a baby is in the 30th percentile for weight. that baby is bigger than 29 babies out of 100, and smaller than 69.
You would be in the 99th percentile (98.61, to be more precise).