Decile definitions
| Word backwards | eliced |
|---|---|
| Part of speech | noun |
| Syllabic division | The syllable separation of the word "decile" is de-cile. |
| Plural | The plural of the word decile is deciles. |
| Total letters | 6 |
| Vogais (2) | e,i |
| Consonants (3) | d,c,l |
A decile is a statistical measure that divides a set of data into ten equal parts. This method is commonly used in education and finance to rank schools or income levels based on certain criteria.
How Deciles Work
When using deciles, the data is first sorted from lowest to highest. Then, it is divided into ten equal parts, with each decile representing 10% of the total population. The first decile contains the bottom 10% of the data, while the tenth decile contains the top 10%.
Applications of Deciles
In education, deciles are often used to measure a student's academic performance relative to their peers. Schools can be ranked based on the average performance of their students within a specific decile. In finance, deciles are used to group individuals based on their income or wealth levels to analyze spending habits or investment patterns.
Deciles are valuable because they provide a clear way to understand how data is distributed within a population. By breaking down a large dataset into smaller, more manageable parts, researchers and analysts can identify trends, patterns, and outliers more easily.
Overall, deciles offer a useful tool for statistical analysis and comparison. By dividing data into equal parts and ranking them accordingly, deciles provide a straightforward method for evaluating and understanding different aspects of a population.
Decile Examples
- The decile ranking helped to determine which students received scholarships.
- The decile income distribution highlighted the disparity between the rich and poor.
- The healthcare system uses decile analysis to target resources to areas in most need.
- Investors use decile performance rankings to make decisions about where to put their money.
- The decile score indicated that the company was in the top 10% of performers in the industry.
- The decile range for test scores showed a wide variation in student achievement.
- The decile boundaries helped to group similar households together for research purposes.
- Decile charts are commonly used to display data in a visually appealing way.
- The decile segment identified a specific group within the population for targeted marketing campaigns.
- Decile analysis is a valuable tool for identifying trends and patterns in large datasets.