Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Khadija Khartit is a strategy ...

{2}\) number. Similarly, the lower quartile divides the bottom half of the ordered data into two halves The upper quartile divides the upper half of the ordered data into two halves. The lower ...

In order to calculate this value we must first understand what the lower quartile, median and upper quartile are: the lower quartile is the median of the lower half of the data. The \(\frac{(n+1)}{ ...