Quartiles Definition
Quartiles are the values from the dataset which divide the dataset into four equal parts where each part of the dataset contains an equal number of observations. There are three quartiles such as,
- First or Lower Quartile
- Second Quartile or Median
- Third or Upper Quartile
Quartile Formula
Quartiles are the set of values that divide the data points into four identical values using three individual data points. Thus, a quartile is a very important topic in Statistics that helps us to study large amounts of data, they are used to divide the large data values into four equal quarters. These quartiles show the data that is near the middle points of the large data set.
In this article, we will learn about the quartiles as well as the formulas for the first quartile, second quartile, and third quartile and also provide a step-by-step guide to help you easily calculate quartiles. So, let’s start with the definition of quartile first.
Table of Content
- Quartiles Definition
- What is the Quartile Formula?
- Quartiles in Statistics
- Generalized Formula for Quartile
- Quartile vs Percentile
- Solved Problems on Quartile Formula
- Quartile Formula Practice Probems