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                                    Suggest the economic terms for the given statements:1. The value that divides the data into hundred equal parts.2. Values that divide the data into the required number of equal parts.3. Value of the middlemost observation in the data.4. Extreme value on the lower side and higher side in magnitude.5. Q2 = D5 = P606. Partition value used in the measurement of test scores, health indicators, etc.7. Partition value is used to assess the performance of portfolio investment. | 
                            
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Answer»  1. Percentiles 2. Partition values or Fractiles 3. Median 4. Outliers 5. Median 6. Percentiles 7. Declies  | 
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