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Earn +20 ptsQ: How do you interpret the quartiles?
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Continue Learning about Math & Arithmetic
Are the upper and lower quartiles classed as averages?
No.
Are quartiles divided into four equal quarters?
Yes it does.
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.
What does the distance between the quartiles tell you?
It gives you the interquartile range
What is the usefulness of quartiles in business?
It is a simple but crude measure of the spread of data.
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