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What is Importance of Quartiles in Data Analysis about?
Quartiles are statistical measures that divide a dataset into four equal parts. The lower quartile (Q1) represents the 25th percentile of data values, while the upper quartile (Q3) represents the 75th percentile. The median quartile (Q2) lies at the 50th percentile and separates the dataset into two equal halves. Quartiles can be calculated using exclusive and inclusive methods and provide valuable information about the distribution and spread of data values. They assist in identifying outliers, comparing d
- Author
- Rodel Esteban
- Language
- EN