Business Description: |
A probability distribution represents the likelihood that a measurment of some metric will yield a value in some range. We represent the distribution by a set of quantile values. For example, a decile distribution would have quantiles at 0, 0.1, 0.2, ..., 0.9, 1.0. The corresponding value of the metric is such that the quantile gives the probability of the metric being less than or equal to the quantile. For example, if quantile = 0.3 and the metric value = 42.0 then there is a 30% probability that the metric will be less than or equal to 42.0. |