DECIL Meaning and
Definition
-
A decil refers to a statistical term that is used to denote a division of data or a distribution into ten equal parts. Derived from the Latin word "decem," meaning ten, a decil is primarily used in the field of statistics and is part of the wider concept of percentiles. A distribution divided into decils, therefore, signifies the range of values or observations being divided into ten equal-frequency intervals, each representing 10% of the total. These deciles serve to provide meaningful insights into the distribution of a dataset or population, enabling analysts and researchers to identify patterns, trends, or characteristics within the data.
For example, in analyzing the income distribution of a population, deciles can be employed to divide the population into ten equal groups based on their income levels. The 1st decile would represent the bottom 10% of earners, while the 10th or highest decile would encompass the top 10% of earners. This allows for the identification of income disparities, socioeconomic variations, and wealth distributions within the population.
Overall, decils serve as a valuable tool in statistical analysis, assisting researchers in interpreting and summarizing datasets, and facilitating the comprehension of distributions by dividing them into easily digestible sections.
Common Misspellings for DECIL
- secil
- xecil
- eecil
- dwcil
- dscil
- ddcil
- drcil
- d4cil
- d3cil
- dexil
- dedil
- decul
- decjl
- decol
- dec9l
- dec8l
- decip
- decio
- sdecil
Infographic
Add the infographic to your website:
