Calculating Percentiles and Quantiles with SciPy
📖 Scenario: You work in a small bakery that tracks daily sales of bread loaves. You want to understand how sales vary by calculating percentiles and quantiles. This helps you see typical sales and spot busy or slow days.
🎯 Goal: Build a simple Python program using SciPy to calculate specific percentiles and quantiles from daily sales data.
📋 What You'll Learn
Create a list of daily sales numbers called
daily_sales with exact valuesCreate a variable called
quantile_value to specify which quantile to calculateUse SciPy's
scoreatpercentile function to find the percentileUse SciPy's
mquantiles function to find the quantilePrint the results clearly
💡 Why This Matters
🌍 Real World
Percentiles and quantiles help businesses understand data spread, like sales performance or customer wait times, to make better decisions.
💼 Career
Data analysts and scientists often calculate percentiles and quantiles to summarize data and report insights clearly.
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