Meaning of Quintile | Babel Free

Definitions

1. Any of the quantiles which divide an ordered sample population into five equally numerous subsets.
2. A subset thus obtained.
   broadly
3. An aspect of planets that are distant from each other by one fifth of a zodiac (72°)

Equivalents

Examples

“Effectively no household making less than $28,000 will pay federal income tax – usually about 15% of the bottom income quintile has some tax liability.”

““It’s well known that the lowest income consumer is really struggling with inflation, but from a purely economic standpoint, it is the higher quintiles of earners that do the most spending,” Nanette Abuhoff Jacobson, global investment strategist at Hartford Funds, told CNN.”

CEFR level