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What is a percentile?

What is a percentile? Here are some definitions.

Noun
  1. (statistics) Any of the ninety-nine points that divide an ordered distribution into one hundred parts, each containing one per cent of the population.
  2. (statistics) Any one of the hundred groups so divided.
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Examples
The median of the modest income population corresponds to the 25th percentile of the population income.
This is because the percentile scores are not equally distributed on the bell curve.
Based on results from the vocabulary and reading comprehension sections, participants were assigned a percentile rank.
This is the antilog in terms of the original unit of measurement that defines the 50th percentile.
In May of 2nd grade, her total standardized test results approached the 90th percentile!
Then we divide the income of the household at the ninetieth percentile by the income of the household at the tenth percentile.

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