Q: What is the usefulness of quartiles in business?

Write your answer...

Submit

Still have questions?

Continue Learning about Math & Arithmetic

No.

Yes it does.

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.

It gives you the interquartile range

Quartiles have nothing to be "solved", but they can be "found" if that's what you mean...

Related questions

There are 5 quartiles in any data set.

37

No.

To find the inner quartiles (Q1 and Q3), first arrange your data in ascending order. Q1 is the median of the lower half of the data, and Q3 is the median of the upper half. The inner quartiles divide the data into four equal parts. The outer quartiles also known as the minimum and maximum values, are the smallest and largest values in the data set.

Yes it does.

Am a student and i need more insight to do my assignment. Thank you.

The interquartile range is well known as a measure of statistical dispersion. It is equal to difference between upper and lower quartiles. The quartiles is a type of quantile.

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.

usefulness of a company pospectus

It gives you the interquartile range

Quartiles have nothing to be "solved", but they can be "found" if that's what you mean...

The usefulness of accounting is seen in various aspects of any business. Some of the main uses include budgeting and planning for finances, determining the growth and status of a business and so much more.Ê