To work out where the quartiles are, we need to use our equations again: \(\frac{(40)}{4}={10}\) so the LQ is the 10th number. \(\frac{3(40)}{4}={30}\) so the UQ is the 30th number. To find these ...

Quartile ranking is a statistical tool used to evaluate and compare the performance of mutual funds within a specific category. It divides funds into four quartiles based on their performance over ...

To find the interquartile range, subtract the value of the lower quartile Q1 from the value of the upper quartile Q3. A school librarian records the number of books borrowed in a school year by ...