Quantunet.com

My Account

Joins Us
Excel QuickSkills
Finding The Interquartile Range Knowledgebase  

The QUARTILE function can also be used to find interquartile range (the difference between the first and third quartiles) which gives a reliable measure of the spread of the data distribution (ignoring extreme values).

For example: QUARTILE(({1,2,3,4,5,6,7,8,9,10},3) - QUARTILE({1,2,3,4,5,6,7,8,9,10},1) = 4.5 That is the difference between the 75th and the 25th percentile is 4.5 which gives the size of the spread of the middle 50% percent of the data in the distribution.


Note: The interquartile range also tells you the size of the box in a box plot chart.



© 2007 Quantunet LLC All Rights Reserved | Intellectual Property | Terms of Use | Privacy
Home | About Quantunet | FAQ's | Contact Us