interquartile range
Noun
Meaning
interquartile range (plural interquartile ranges)
(statistics) The difference between the first and third quartiles; a robust measure of sample dispersion.
Synonyms
Examples
After determining the first and third quartiles and the interquartile range as outlined above, then fences are calculated using the following formula: : : where Q 1 and Q 3 are the first and third quartiles, respectively.
Calculation In calculation of the IQM, only the data in the second and third quartiles is used (as in the interquartile range ), and the lowest 25% and the highest 25% of the scores are discarded.
The IQM can be equal to any value between the first and third quartiles, depending on all the observations in the interquartile range.
The interquartile range is often used to find outliers in data.
The purple box shows the middle portion of the data, known in statistical lingo as the Interquartile Range.