Question

The values of the variable that divide a set of data into ten equal parts after arranging the observations in ascending order of magnitude are called

Answer 1

Answer:

Deciles are the partition values which divide the arranged data into ten equal parts.

Answer 2

DECILES

The values of the variable that divides a set of data into ten equal parts after arranging the observations in ascending order of magnitude are called deciles.

GETTING TO KNOW MORE ABOUT DECILES:

* A decile is a numerical way of dividing a set of ranking data into ten equal-sized subsections. Many academic and statistical investigations in the disciplines of finance and economics use this sort of data ranking.

* The data can be sorted from the most significant to the least significant numbers, or vice versa. A decile with ten category buckets can be compared to a percentile with 100, a quartile with four, or a quintile with five.

* A decile is used in descriptive statistics to organise big data sets from highest to lowest values, or vice versa. A decile, like the quartile and percentile, is a type of quantile that separates a set of observations into easier-to-understand samples.