Given the following dataset, find the value that corresponds to the 75th percentile.
10, 44, 15, 23, 14, 18, 72, 56
The 75th percentile will technically be 47 where 75% of the data (in this case 3/4th of 8 data points=6) will be below 47.
But since 47 is not one of the values, we can take it as 56, the next higher one. …
This provides an example of finding percentile of a data set.