Need clarification on performance overview k6 cloud

When we run our k6 load testing in k6 cloud we notice that after test execution is done we get a message in the performance overview something like

The 95th percentile response time of the system being tested was 14 094 ms , and 415 requests were made with 32 failures at an average rate of 23 requests/second.

Please refer to the arrow in the below screenshot

Hello @ElimaTripathy
Please referer this link Percentile meaning and what it actually shows - #3 by monish.correia