I am trying to compute the 10th precentile for MGMA benchmark data. I don't have the dataset; however, I have the following information.
n value=104
# of departments=14
Mean= 8448
A1: Standard Deviation =3,438
B1: 25th Percentile=6,170
C1: 50th Percentile=7,772
D1: 75th Percentile=10,651
E1: 90th Percentile=13,193
According to MGMA, the 10th percentile is 4,589. However, when I use the =Percentile.INC(A1:E1,.10) excel 2010 formula, it calcualtes it to be 4,531. In the ballpark.... but not the exact answer. Is there a more precise formula? Please help. I've tried everything.
Thanks
n value=104
# of departments=14
Mean= 8448
A1: Standard Deviation =3,438
B1: 25th Percentile=6,170
C1: 50th Percentile=7,772
D1: 75th Percentile=10,651
E1: 90th Percentile=13,193
According to MGMA, the 10th percentile is 4,589. However, when I use the =Percentile.INC(A1:E1,.10) excel 2010 formula, it calcualtes it to be 4,531. In the ballpark.... but not the exact answer. Is there a more precise formula? Please help. I've tried everything.
Thanks