What is the importance of Relative Position in measuring data?

1 Measures of Relative Position

• • 1.1 Percentiles
  • 1.2 Quartiles
  • 1.3 Standard Scores (z-Scores)

2 Importance of Relative Position in Measuring Data  i. Allows us to know where certain value lies in a data distribution.  ii. Helps to find if a value is average, unusually high or low.  iii. It is useful for quantitative data on a numerical scale.Read More >>>