The results of the Common Admission Test (CAT), used for admissions to the Indian Institutes of Management (IIMs) and other business schools, were announced on Monday. Given that IIMs award percentiles up to two decimal places, 20 out of 195,000 students getting “100 percentile” is a mathematical oddity. “Percentile” is defined as the percentage of data points that have a value strictly less than the given data point. And given that 195,000 candidates took CAT in 2016, this number cannot be more than 10 (0.005% of 195,000 is 9.75). Karthik Shashidhar is an alumnus of IIM-Bangalore (batch of 2006), and had secured “100 percentile” in CAT 2003-04.

Source: Mint January 09, 2017 17:00 UTC