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Earn +20 ptsQ: HOW are quartiles helpful in describing data?
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When might the inter-quartile range be better for describing a data set than the range?
The interquartile range can be more useful when the first and fourth quartiles contain very little data, in other words there are only a very few high or low data points.
What is the usefulness of quartiles in business?
It is a simple but crude measure of the spread of data.
Data that is more than 1.5 times the interquartile range from the quartiles?
Outliers
Three values one of which is the median that divide a data set into fourths?
Quartiles.
What are quartiles in relationship to mean median mode?
Quartiles are values that divide a sample of data into four groups containing the same number of observations. You will find details in the related link.
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