Meaning of the word quartile in English

What does quartile mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

quartile

US /ˈkwɔːr.taɪl/
UK /ˈkwɔː.taɪl/
"quartile" picture

Noun

each of four equal groups into which a population can be divided according to the distribution of values of a particular variable

Example:
The company's profits are in the top quartile of the industry.
We need to identify students in the lowest quartile for additional support.