Solved

Percentile or 60% of the quotes

Posted on 2015-02-24
2
77 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
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: Postgres Monitoring System

A PHP and Perl based system to collect and display usage statistics from PostgreSQL databases.

One of a set of tools we are providing to everyone 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

Suggested Solutions

Improved? Move/Copy Add-in Replacement - How to avoid the annoying, “A formula or sheet you want to move or copy contains the name XXX, which already exists on the destination worksheet.” David Miller (dlmille)  It was one of those days… I wa…
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…
The viewer will learn how to use the =DISCRINV command to create a discrete random variable, use this command to model a set of probabilities and outcomes in a Monte Carlo simulation, and learn how to find the standard deviation of a set of probabil…
This Micro Tutorial demonstrates in Microsoft Excel how to consolidate your marketing data by creating an interactive charts using form controls. This creates cool drop-downs for viewers of your chart to choose from.

828 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