Given the following data set with an even number of values:
$100, 100, 105, 113, 129, 132, 146, 152, 176, 200$
The value representing the 30th percentile, using the formula n(p/100) where n = sample size and p = percentile, is at position 10(0.30) = 3. So the 30th percentile of this data is 105.
Given the following data set with an odd number of values:
$100, 100, 105, 113, 129, 132, 146, 152, 176, 200, 300$
The value representing the 30th percentile, using the formula n(p/100) where n = sample size and p = percentile, is at position 11(0.30) = 3.3. So now what does one do?
I realize that this formula can yield a decimal even if the data set has an even amount of values, say if n = 36, and you want the 10th percentile, 36(.10) = 3.6.
In this situation, do you average the 3rd and 4th values? Or is it the 3rd value? or the 4th value? How do you decide? What if the position was 3.2 or 3.7? Does it matter in choosing which value is represents the given percentile?
Thanks for any help ahead of time.