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Weighted Aggregative Price Index

What is inter...

Question

What is inter-quartile range?

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Solution

Inter-quartile range is defined as value of third quartile minus value of first quartile.

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Q. Inter-quartile range is the difference between the upper and the lower extreme values.

Q. Choose the correct formula of the inter-quartile range:

For the given set of numbers, the lower quartile, the upper quartile and inter quartile range is
2, 4, 13, 14, 19, 20, 27

Q. Find the inter quartile range for the data:

9, 11, 15, 19, 17, 13, 7.

Q. of the data lies in the inter-quartile range.

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