Say I have data from a sample of 100 experiments. For a variable, I'm interested in showing the value
x with 0.9 probability of non-exceedance, which is equivalent to P90 of the sorted sample.
I'm interested in proper names for these parameters:
x is a percentile, the 90-percentile to be specific, or more generally speaking, a quantile.
90 is the rank of
x in my sample. Correct?
What would be the proper name for
90%? Also rank? Normalized rank? Strictly speaking it is the probability of non-exceedance, but writing that in a table header is not convenient :) A short but correct name for it would be very welcome.