Returns the percentage rank (percentile) of a specified value in a dataset.

**Common questions about the PERCENTRANK formula in Google Sheets:**- What does the PERCENTRANK formula do?
- How do I use the PERCENTRANK formula in Google Sheets?
- What arguments does the PERCENTRANK formula require?
- Can the PERCENTRANK formula handle non-numeric values or errors?
- How do I interpret the result of the PERCENTRANK formula?
- Are there any limitations or restrictions when using the PERCENTRANK formula?

**Appropriate usage of the PERCENTRANK formula:**

- Calculating the rank of a specific value within a data set.
- Comparing the relative position of a value with respect to other values in a range.
- Analyzing the distribution of data by determining the percentile rank of a value.
- Identifying the percentage of values that are lower than a given value.

**Common mistypings of the PERCENTRANK formula:**

- Misspelling the formula name as "PERCENTRANC" or "PERCENRANK".
- Incorrectly specifying the range or array of values.
- Using the wrong syntax or order of arguments.

**Inappropriate usage of the PERCENTRANK formula:**

- Applying the formula to a small data set with insufficient data points.
- Using the formula with non-numeric values or text strings.
- Misinterpreting the rank value or comparing ranks across different data sets.

Common pitfalls when using the PERCENTRANK formula:

Common pitfalls when using the PERCENTRANK formula:

- Failing to sort the data set in ascending order before applying the formula.
- Overlooking missing or invalid values, which can affect the results.
- Using an incorrect method for calculating percent ranks (e.g., assuming a specific interpolation method).

**Common mistakes when using the PERCENTRANK formula:**

- Forgetting to provide the value to be ranked as the first argument.
- Neglecting to include the range or array of values as the second argument.
- Using an incorrect range reference or mistakenly excluding data points.

Common misconceptions about the PERCENTRANK formula:

Common misconceptions about the PERCENTRANK formula:

- Assuming that the rank value corresponds to a specific position in the sorted data set.
- Believing that the formula automatically sorts the data in ascending order.
- Thinking that the formula calculates the percentile rank based on the total number of values rather than the position within the sorted data set.

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