What do you mean by deciles? - Vidyadip

Question

What do you mean by deciles?

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Answer

It can be defined as each of ten equal groups into which a population can be divided according to the distribution of values of a particular variable. In other words, it is a method of splitting up a set of ranked data into 10 equally large subsections. This type of data ranking is performed as part of many academic and statistical studies in the finance field. The data may be ranked from largest to smallest values, or vice versa.

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