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Illustration boards come in a range of sizes.
Select a report date range of one quarter, and then specify a Quarterly frequency and the second month of the quarter for the previous quarter
The dimensions of a limo bus vary on how many people fit. They tend to range from 28ft long to 28ft long, with an average width of between 95" and 102".
By definition a quarter of the observations are below the lower quartile and a quarter are above the upper quartile. In all, therefore, half the observations lie outside the interquartile range. Many of these will be more than the inter-quartile range (IQR) away from the median (or mean) and they cannot all be outliers. So you take a larger multiple (1.5 times) of the interquartile range as the boudary for outliers.
It has no meaning. In statistics, if you have a set of observations, the lower quartile (Q1) is the value such that a quarter of the [number of] observations are smaller and three quarters are larger. The upper quartile, Q3, is defined similarly as the value such that a quarter of the observations are larger. The interquartile range, is the distance between these two: IQR = Q3 - Q1.