Difference between percentage and percentile
The main distinction between percentage and percentile is that the former refers to a numerical number expressed as a percentage out of 100, while the latter refers to the percentage of values that fall below a given value.
Formula for Percentile and Percentage
Formula for Percentile:
- n = ordinal rank of the given value or value below the number
- N = number of values in the data set
- P = percentile
Formula for Percentage: