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Today we’re going to learn about the Interquartile Range or IQR. We’ll cover the definition and utility, how to calculate it and how to identify outliers. Interquartile Range is the difference between the medians of the second and the first halves of a data set. It shows the spread between the 25th and 75th percent of the data, i.e. the middle 50%. It’s also a trimmed estimator and a robust measure of scale. Hop on and watch our video to learn more about the Interquartile Range (IQR)!
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0:00 Introduction
0:25 What is IQR? Interquartile Range Definition and Utility
1:37 How to Find IQR? Examples with Even and Odd Data Sets
5:15 Outlier detection
✔️ More on Descriptive Statistics: • Descriptive Statistics: Measures of C...
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