Solved

Percentile or 60% of the quotes

Posted on 2015-02-24
2
80 Views
Last Modified: 2015-02-26
Hi All,

I have list of quotes and actual discount and threshold for the same ( refer attachment)

Quotes      Actual Disc      Threshold      Quarter
1                 97%                  55%               14-Q1
2                 76%                  55%               14-Q1
3                 25%                  55%               14-Q1
4                  25%                 55%               14-Q1
5                  25%                60%               14-Q2
6                  25%               60%                14-Q2
7                 45%              60%                         14-Q2
8                 25%             60%                         14-Q2
9               35%             60%                         14-Q2
10               25%             60%                          14-Q2
11               65%           60%                         14-Q2
12              25%                  60%                        14-Q2
13             25%                 60%                        14-Q2


I would like to calculate the actual discount availed for 60% of quotes.

I have used the percentile formula mentioned below.

=PERCENTILE(B3:B15,0.6) and the answer is 27%
Does it mean that 60% of the quotes are availing discount at 27% or is there any other  way to calculate it?

Basically i wanna see if 60% of the quotes are below threshold.

Percentile-Example.xlsx
0
Comment
Question by:Ganesh Vijaykumar
[X]
Welcome to Experts Exchange

Add your voice to the tech community where 5M+ people just like you are talking about what matters.

  • Help others & share knowledge
  • Earn cash & points
  • Learn & ask questions
2 Comments
 
LVL 24

Accepted Solution

by:
Phillip Burton earned 500 total points
ID: 40627833
Yes, that's right - see tthis article for confirmation.

There are alternative ways to calculate it in Excel 2010 - see PERCENTILE.EXC
0
 

Author Closing Comment

by:Ganesh Vijaykumar
ID: 40633303
Thanks for the response!
0

Featured Post

Free Tool: Path Explorer

An intuitive utility to help find the CSS path to UI elements on a webpage. These paths are used frequently in a variety of front-end development and QA automation tasks.

One of a set of tools we're offering as a way of saying thank you for being a part of the community.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

Workbook link problems after copying tabs to a new workbook? David Miller (dlmille) Intro Have you either copied sheets to a new workbook, and after having saved and opened that workbook, you find that there are links back to the original sou…
This article describes a serious pitfall that can happen when deleting shapes using VBA.
This Micro Tutorial will demonstrate how to use longer labels with horizontal bar charts instead of the vertical column chart.
This Micro Tutorial will demonstrate the scrolling table in Microsoft Excel using the INDEX function.

705 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question