Quartile definition

Quartile means that section of a distribution of data points equivalent to 1/4 of the sample population when the population is ranked by value and divided evenly into fourths. The lower quartile would be the bottom 25 percent of hospitals ranked from high to low.

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Quartile means dividing the Cafes into four groups, each containing a quarter of the Cafes, based on Gross Sales. The “1st Quartile” means the top 25% performing Cafes and includes 12 mall Cafes, 2 non- mall Cafes and 5 co-brand Cafes, the “2nd Quartile” means the next highest 25% performing Cafes and includes 11 mall Cafes, 3 non-mall Cafes and 4 co-brand Cafes, the “3rd Quartile” means the next highest 25% performing Cafes and includes 12 mall Cafes, 2 non-mall Cafes and 5 co-brand Cafes, and the “4th Quartile” means the lowest 25% performing Cafes and includes 12 mall Cafes, 3 non-mall Cafes and 5

Quartile or “Q” means the student’s quartile status for school grading when calculating the following indicators:

Examples of Quartile in a sentence

The amount of money to be added to the employee's base salary is calculated by adding a flat amount to the First Quartile of the Salary Administration Program Level for the title.
The maximum number of Shares that you may receive under this Award Agreement is two and one-half (2.5) times the Total Target Number of Shares; however, that maximum will be payable only if the Company attains both the Maximum level of FCF Metric performance and 1st Quartile level of rTSR Metric performance indicated in Section 2 above.
For purposes of assigning companies to Quartiles (with the 1st Quartile being the best and the 4th Quartile being the worst), the total number of companies ranked (including Valero) shall be divided into four groups as nearly equal in number as possible.
The maximum number of Shares that you may receive under this Award Agreement is two and one-half (2.5) times the Total Target Number of Shares and the maximum amount of Cash Incentive that you may be paid under this Award Agreement is two and one-half (2.5) times the Target Cash Incentive; however, those maximums will be payable only if the Company attains both the Maximum level of FCF Metric performance and 1st Quartile level of rTSR Metric performance indicated in Section 2 above.
The 3-year end goals for each measure will be to move from one performance band to the next, except in the case of hospitals that are in the Top Band where the goal will be to move into the Top Quartile.
Performance Rate 3rd Quartile (25th percentile) 2nd Quartile (50th percentile) 1st Quartile (75th percentile) TSR Achievement 25% 100% 175% The TSR Achievement for performance between Threshold Performance and Target Performance, or between Target Performance and Maximum Performance, shall be determined by linear interpolation between the values listed in the chart above.
An awardee is precluded from choosing any QSIP for which it has achieved top performance for at least 4 consecutive quarters, in aggregate in all process and outcomes measures within the intervention, where “top performance” is defined as being in the Top Quartile.
For purposes of assigning companies to Quartiles (with the 1st Quartile being the best and the 4th Quartile being the worst), the total number of companies ranked (including the Partnership) shall be divided into four groups as nearly equal in number as possible.
No payment will be made if the TSR Performance is in the 4th Quartile, except that a payment of 25% of the TSR Percentage shall be made if the Company’s TSR Performance was at least % on a compounded annual basis for the Performance Period.
First Quartile (Minimum of pay band to < 25%) 1.50% of base salary Second Quartile (25% to < 50%) 1.0% of base salary Third Quartile (50% to < 75%) 0.5% of base salary Fourth Quartile (75% to Maximum of pay band) 0.3% of base salary After application of a general wage increase, if any, employees will receive the percentage increases based upon pay band quartile.