What is Interquartile Range ?
Question
What is Interquartile Range ?
Solution
The Interquartile Range (IQR) is a statistical measure used to represent the middle spread of values in a data set. Here's how you calculate it:
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Arrange the data in increasing order.
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Calculate the first quartile (Q1), which is the middle number between the smallest number and the median of the data set.
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Calculate the third quartile (Q3), which is the middle value between the median and the highest value of the data set.
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Subtract Q1 from Q3. The result is the Interquartile Range (IQR).
IQR = Q3 - Q1
The IQR can be used to identify outliers in the data. Any value that falls below Q1 - 1.5IQR or above Q3 + 1.5IQR could be considered an outlier.
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