PERCENTRANK.INC function: Description, Usage, Syntax, Examples and Explanation
What is PERCENTRANK.INC function in Excel?
PERCENTRANK.INC function is one of Statistical functions in Microsoft Excel that returns the rank of a value in a data set as a percentage (0..1, inclusive) of the data set.
Syntax of PERCENTRANK.INC function
PERCENTRANK.INC(array,x,[significance])
The PERCENTRANK.INC function syntax has the following arguments:
- Array: The array or range of data with numeric values that defines relative standing.
- X: The value for which you want to know the rank.
- Significance(Optional): A value that identifies the number of significant digits for the returned percentage value. If omitted, PERCENTRANK.INC uses three digits (0.xxx).
Explanation of PERCENTRANK.INC function
- If array is empty, PERCENTRANK.INC returns the #NUM! error value.
- If significance < 1, PERCENTRANK.INC returns the #NUM! error value.
- If x does not match one of the values in array, PERCENTRANK.INC interpolates to return the correct percentage rank.
Example of PERCENTRANK.INC function
Steps to follow:
1. Open a new Excel worksheet.
2. Copy data in the following table below and paste it in cell A1
Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.
You can adjust the column widths to see all the data, if need be.
| Data | ||
| 13 | ||
| 12 | ||
| 11 | ||
| 8 | ||
| 4 | ||
| 3 | ||
| 2 | ||
| 1 | ||
| 1 | ||
| 1 | ||
| Formula | Description | Result |
| =PERCENTRANK.INC(A2:A11,2) | Percent rank of 2 in the range A2:A11 (0.333, because 3 values in the set are smaller than 2, and 6 are larger than 2; 3/(3+6)=0.333). | 0.333 |
| =PERCENTRANK.INC(A2:A11,4) | Percent rank of 4 in the range A2:A11. | 0.555 |
| =PERCENTRANK.INC(A2:A11,8) | Percent rank of 8 in the range A2:A11. | 0.666 |
| =PERCENTRANK.INC(A2:A11,5) | Percent rank of 5 in the range A2:A11 (0.583, one-quarter of the way between the PERCENTRANK.INC of 4 and the PERCENTRANK.INC of 8). | 0.583 |