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Earn +20 ptsQ: Why should you rank your data?
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What does the word rank mean in data sets?
It means the position [of an observation] in an ordered data set.
Data in order from smallest to largest or vice-versa is?
rank
What is data that is organized in ascending or descending order?
rank or ranking
You like to find 85 percentile rank of a series of Data in EXCEL?
Use =PERCENTILE(range,0.85) where range is the data that you want to analyse.
Is ranking data in order from smallest to largest or vice-versa?
Yes. In the field of "ordered statistics" it makes no difference if data is ranked smallest to highest or vice-versa, but the convention is to consider rank = 1 the smallest value and rank = m the largest value of m values.
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