PERCENTRANK.INC
The PERCENTRANK.INC function calculates the rank of a value in a dataset as a percentage. It includes the first and last values in the ranking. This function is useful for determining the relative standing of a value within a dataset.
Syntax 🔗
=PERCENTRANK.INC(array, x, significance)
array | The array or range of data points to rank. |
x | The value for which you want to find the rank. |
significance | The number of significant digits to use in the calculation. Defaults to 3 if omitted. |
About PERCENTRANK.INC 🔗
Use the PERCENTRANK.INC function in Excel to find the position of a specific value relative to other values in a dataset. This function calculates the percentage rank, showing where a value stands among other data points. It's useful for statistical analysis and data interpretation, helping you understand the relative standing of a value within the dataset.
Examples 🔗
Suppose you have a dataset of exam scores: {75, 80, 85, 90, 95}. You want to find the percentage rank of the score 85 within this dataset. Use the following formula: =PERCENTRANK.INC({75, 80, 85, 90, 95}, 85)
Consider a dataset of stock prices for a month: {$20, $25, $30, $35, $40}. You wish to determine the percentage ranking of a stock price of $32.50 within this dataset. Use this formula: =PERCENTRANK.INC({20, 25, 30, 35, 40}, 32.50)
Notes 🔗
Make sure the values in your input array are sorted in ascending order, as the function depends on the sequence of data points for accurate ranking. Use the significance parameter to control the precision of the rank result, allowing you to customize it based on your analytical needs.
Questions 🔗
PERCENTRANK.INC computes the percentage rank by determining the position of the specified value within the array and representing it as a percentile, indicating the value's relative standing compared to the other data points.
Is it essential to have the data points in the array sorted for accurate results?Yes, for the PERCENTRANK.INC function to provide precise outcomes, the data points in the input array must be arranged in ascending order. Sorting the array ensures the correct evaluation of the value's position among the dataset.
Can I adjust the precision of the percentage rank outcome?Yes, you can modify the precision of the calculated percentage rank by specifying the desired number of significant digits in the significance argument. This feature empowers you to fine-tune the display of the rank based on your analytical needs.
Related functions 🔗
PERCENTRANK.EXC
RANK
QUARTILE.INC
QUARTILE.EXC
PERCENTILE.INC
PERCENTILE.EXC