1. Quartiles divide a data set into four equal parts and indicate the three points where the data is divided. The first quartile (Q1) is the middle number between the lowest value and the median. The second quartile (Q2) is the median. The third quartile (Q3) is the middle number between the median and the highest value.
2. Quartiles are commonly used in business and economics as a measure of dispersion.
3. There are formulas to calculate quartiles for individual/discrete and continuous data series based on the total number of data points (N) and the cumulative frequency.
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1. Quartiles divide a data set into four equal parts and indicate the three points where the data is divided. The first quartile (Q1) is the middle number between the lowest value and the median. The second quartile (Q2) is the median. The third quartile (Q3) is the middle number between the median and the highest value.
2. Quartiles are commonly used in business and economics as a measure of dispersion.
3. There are formulas to calculate quartiles for individual/discrete and continuous data series based on the total number of data points (N) and the cumulative frequency.
1. Quartiles divide a data set into four equal parts and indicate the three points where the data is divided. The first quartile (Q1) is the middle number between the lowest value and the median. The second quartile (Q2) is the median. The third quartile (Q3) is the middle number between the median and the highest value.
2. Quartiles are commonly used in business and economics as a measure of dispersion.
3. There are formulas to calculate quartiles for individual/discrete and continuous data series based on the total number of data points (N) and the cumulative frequency.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
1. Quartiles divide a data set into four equal parts and indicate the three points where the data is divided. The first quartile (Q1) is the middle number between the lowest value and the median. The second quartile (Q2) is the median. The third quartile (Q3) is the middle number between the median and the highest value.
2. Quartiles are commonly used in business and economics as a measure of dispersion.
3. There are formulas to calculate quartiles for individual/discrete and continuous data series based on the total number of data points (N) and the cumulative frequency.
Copyright:
Attribution Non-Commercial (BY-NC)
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Download as PPT, PDF, TXT or read online from Scribd
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SUBMITTED TO:-MR. B.
B BHAT SUBMITTED BY:-MEENAKSHI GARGOTRA
Quartile Quartile are those values of the which divide the total frequency into four parts .The quartiles are denoted by symbol Q .Thus Q1 would be denoted first quartile,Q2 second quartile,Q3third quartile .
Uses of Quartile
In Economics & Business statistics quartile are more widely used than Deciles & Percentiles. They are measures of dispersion .
COMPUTATION OF QUARTILES
1. 2. 3.
The procedure for computing quartiles. For individual observation. For discretes series For continous series
FOR INDIVIDUAL & DISCRETE SERIES
Q 1 = Size of N + 1/ 4 th item Q2 = Size of 2(N +1) /4 th item Q3 = Size of 3(N + 1) /4 th item
Calculate quartile in individual series
4 7 9 2
Steps to calculate quartile in individual& Discrete series
Calculate N , Here N = 5 Apply formula N + 1 / 4 in case of Q1 = 6/4 = 1.5 In case of Q2 =2 (N+1)/4=3 In case of Q3= 3(N+1)/4=4.5
FOR CONTINUOUS SERIES
Q1 = N/ 4 Q2 =2 * N / 4 Q3 = 3 * N /4
ILLUSTRATION CALCULATE Q1 & Q2,Q3 FROM THE FOLLOWING TABLE?
CLASS.GROUP 0-5 7 F 7 CF
5 - 10 10 - 15 15 - 20
18 25 30
25 50 80
20 - 25
20
100
SOLUTION N = 1OO Q1 = Size of N / 4 th item = 100 /4=25 Q2 = Size of 2*N/4 th item = 2* 100/4 = 50 Q3 = Size of 3*N/4 th item = 3*N/4 = 3 * 100/4 = 75
