When analyzing a data set, it’s often handy to rank where a certain value falls within the data. Excel has functions that enable you to calculate both the ordinal and percentage rank of each value in a set.
For the ordinal (first, second, third, and so on) rank, you use the RANK() function:
RANK(number, ref[, order])
number The number for which you want to find the rank.
ref A reference, range name, or array that corresponds to the set of values in which number will be ranked. (Note that ref must include number.)
order An integer that specifies how number is ranked within the set. If order is 0 (this is the default), Excel treats the set as though it was ranked in descending order; if order is any nonzero value, Excel treats the set as though it was ranked in ascending order.
For example, if a test result is in cell C3 and the full results are in the range C5:C35, then the following formula returns the ordinal rank of the test result:
=RANK(C3, C5:C35)
The ordinal rank is only occasionally useful. In data analysis, you’re more likely to work with the percentage rank. This is useful when you want to know what value in the set corÂresponds to what percentile. For example, if you want to know what test scores fall in the top 10 percent, you’d calculate the 90th percentile, and every score above that is in the top 10 percent. To calculate the percentage rank, you use the PERCENTILE() function:
PERCENTILE(array, k)
array A reference, range name, or array of values for the set of data. Read the rest of this entry »
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