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The arranged
Subscribe Nowdata can be divided into four equal parts by
three values. These values are called quartiles and are
denoted by Q1, Q2 and Q3. Here Q1 is first quartile, Q2 is
second quartile and Q3 is third quartile.
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Problem: The time (in minutes) recorded by a sample of 14
students in a quiz competition is 38, 45, 33, 17, 28, 19, 18, 17,
11, 10, 18, 12, 25, and 40. Find Q1, Q2 and Q3.
Principles of Accounting
First Quartile
Advance Research
Q1 can be calculated by using the formula:
Methods
Business Research
Economics
Macro-Economics
Finance
Introduction to Finance
Management
Since 3.7th observations lies between 3rd and 4th value in
the ordered group, or midway between 12 and 17 therefore
Principles of
Management
Strategic Management
Marketing
Consumer Behavior
Principles of Marketing
SWOT Analysis
Second Quartile
Others
Psychology
By using the formula of quartile the calculation of Q2 is given
as: Sociology
Statistics
Descriptive statistics
Supply Chain
MBA LECTURES
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Third Quartile
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Five Marketing
Problem: The table below reports the monthly internet
Management
charges for a sample of 64 students in the month of January.
Find the first, second and third quartiles. Philosophies - 133,640
views
Solution:
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First Quartile
In case of frequency distribution first quartile can be
calculated by using the formula given below:
Second Quartile
The calculation of second quartile is given below:
Third Quartile
Like first and second quartile, the calculation of third quartile
is given as:
Descriptive statistics
calculation of quartiles, calculation of quartiles for frequency
distribution, calculation of quartiles for ungrouped data, definition of
quartiles, How to calculate Quartiles, How to Find Quartiles
written by mbalectures
hi mba lectures,
Thank you.
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