Percentage and percentile are two concepts that are often confused. Percentage is a fraction of 100, whereas percentile is the value below which a certain percentage of data points fall. This article will discuss the differences between these two terms in detail.
About Difference Between Percentage And Percentile
|Percentage||A number expressed as a fraction of 100.|
|Percentile||A measure used in statistics to indicate the value below which a given percentage of observations falls.|
|Calculation||Percentage is calculated by dividing one number over another. Percentile is calculated using rank order.|
|Type||Percentage is an absolute number, while percentile is a relative value.|
|Ranking||Percentage can be used to compare two values, while percentile is used to compare a particular value with its peers.|
|Application||Percentage is commonly used for comparison, whereas percentile is mostly used for ranking.|