The first quartile, or the lower quartile, is the value such that a quarter of the observations are smaller and three quarters are larger.The third quartile, or the upper quartile, is the value such that three quarters of the observations are smaller and a quarter are larger.
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interquartile range or IQR
50%
If this is the only information you have, the answer would be somewhere around 125. Usually, you would find the third quartile by first finding the median. Then find the median of all of the numbers between the median and the largest number, which is the third quartile.
242 is the first quartile. 347 is the third quartile.
The first quartile is the value such that a quarter of the data are smaller than that value and three quarters are larger. Since there are 8 observations, the quartile will be between the second and the third smallest values. Therefore, Q1 = (7+15)/2 = 11