How to calculate quartiles?
Solution:
We can calculate the quartiles using the formulas given below.
First quartile, Q1 = (n + 1)/4th term
Second quartile, Q2 = (n + 1)/2th Term
Third quartile ,Q3 = 3(n + 1)/4th Term
The interquartile range = Upper quartile – Lower quartile.
= Q3 – Q1
The first quartile is also known as the lower quartile. The second quartile is the same as the median dividing data into 2 equal parts. The third quartile is also called the upper quartile.
We use the quartile formula to find the value that divides a list of numbers into quarters. The data is arranged in ascending order and is then divided into quartiles. Quartiles divide a set of observations into four parts. Using the quartile formula we can find the first quartile, second quartile, and third quartile.