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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.
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