The Interquartile Range (IQR) is a measure of statistical dispersion, which is the range between the first quartile (Q1) and the third quartile (Q3). It represents the middle 50% of the data in a dataset.
The Interquartile Range (IQR) is a measure of statistical dispersion, representing the range between the first and third quartiles of a dataset. It is widely used in statistics to understand the spread of middle data points and identify outliers.
Quantiles represent points taken at regular intervals from the cumulative distribution function (CDF), and are fundamental in statistics for dividing data distributions into intervals.
Quartiles are statistical measurements dividing a data set into four equal parts to understand its distribution.
Understanding Quartiles: Explore what quartiles are, how they divide data sets into four equal parts, and their significance in statistical analysis. Includes calculation methods and practical examples.
