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Default Maximum data points for PERCENTILE function?

In the help for the PERCENTILE function it has "If array is empty or
contains more than 8,191 data points, PERCENTILE returns the #NUM! error
value." But it appears to work for much longer columns. Is the help wrong?
Or am I missing something?

I'm using xl2002.

Don <www.donwiss.com (e-mail link at home page bottom).
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