Percentiles are values that divide a dataset into 100 equal parts, each representing 1% of the distribution.
For example, the 25th percentile is the value below which 25% of the data fall.
Quartiles are special percentiles that divide the data into four equal groups:
Q1 (25th percentile), Q2 (50th percentile or median), Q3 (75th percentile).
Quintiles divide data into five equal groups, each representing 20% of the distribution:
20th percentile, 40th, 60th, 80th percentiles split the data into quintiles.