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Interquartile Range - Anand and Abhishek

The Interquartile Range of an observation variable is the difference of its upper and lower quartiles. It is a measure of how far apart the middle portion of data spreads in value.

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Anand Dhir
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0% found this document useful (0 votes)
116 views

Interquartile Range - Anand and Abhishek

The Interquartile Range of an observation variable is the difference of its upper and lower quartiles. It is a measure of how far apart the middle portion of data spreads in value.

Uploaded by

Anand Dhir
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Interquartile May 19

Range 2013

The Interquartile Range of an observation variable is the


difference of its upper and lower quartiles. BBM-404

Submitted by:

Anand Dhir- 11D174

Abhishek Pandey – 11D170

B.B.M. IVth Sem.


D.E.I. Study Centre, Gurgaon
Interquartile Range

Contents
Introduction: ................................................................................................... 3

a. Quartiles ................................................................................................ 3

Q1 ....................................................................................................... 3

Q2 ....................................................................................................... 3

Q3 ....................................................................................................... 3

b. Median Value: ........................................................................................ 3


Advantages of using IQR: ................................................................................ 3

How to find an interquartile range in statistics: ............................................... 4

Example 1: ................................................................................................... 4

Potential Question:.......................................................................................... 5

Example 2: ................................................................................................... 5

Method to calculate IQR using Microsoft Excel: ............................................... 6

Summary: ....................................................................................................... 9

References: ................................................................................................... 10

Seminar- BBM 404 Page 2


Interquartile Range

Introduction:
The Interquartile Range of an observation variable is the difference of its
upper and lower quartiles. It is a measure of how far apart the middle
portion of data spreads in value.

IRQ = Upper Quartile – Lower Quartile

In other words, The interquartile range (IQR) is a measure of


variability, based on dividing a data set into quartiles.

a. Quartiles
It divides a rank-ordered data set into four equal parts. The values that
divide each part are called the first, second, and third quartiles; and they
are denoted by Q1, Q2, and Q3, respectively.

 Q1 is the "middle" value in the first half of the rank-ordered data set.

 Q2 is the median value in the set.

 Q3 is the "middle" value in the second half of the rank-ordered data set.

b. Median Value:
The Median is the "middle number" (in a sorted list of numbers).

Advantages of using IQR:


a. The Interquartile range is a useful measure of variation in that it
describes the extent of variation over the middle part of a distribution.

b. The IQR is also an easy measure to calculate; at least once the


percentiles are obtained. It is merely the difference between the 75th &
25th percentiles.

c. The advantage of the IQR over the range is that the influence of the
extremes of a distribution are eliminated { only the difference between
the 75th and 25th percentiles is considered

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Interquartile Range

How to find an interquartile range in statistics:


In statistics, finding the difference between the biggest and smallest
values in the middle fifty percent of data–can be a tricky concept to grasp
at first.

Example 1:
Step 1: Take the data to be analyzed.

23, 47, 12, 46, 22, 58, 35, 68, 10, 14

Step 2: Put the numbers in order


10, 12, 14, 22, 23, 35, 46, 47, 58, 68

Step 3: Identify the values to calculate the Q1, Median and Q3.

Data
S.No (Sorted)

1 10
2 12
Q1
3 14
4 22
5 23
Median
6 35
7 46
8 47
Q3
9 58
10 68

Step 4: Find the values:

Median= 23+35
2
= 29

Q1= 14 (Mid point of Q1)

Q3= 47 (Mid point of Q3)

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Interquartile Range

Step 5: Subtract Q1 from Q3 to find the interquartile range.

IQR = Q3 – Q1

=47-14

=33

Potential Question:
What if there is an extra number?

Example 2:

Step 1: Take the data to be analyzed.

23, 47, 12, 46, 22, 58, 35, 68, 10, 14, 70

Step 2: Put the numbers in order


10, 12, 14, 22, 23, 35, 46, 47, 58, 68, 70

Step 3: Identify the values to calculate the Q1, Median and Q3.

Data
S.No
(Sorted)
1 10
2 12
3 14 Q1
4 22
5 23

6 35 Median

7 46
8 47
9 58 Q3
10 68
11 70

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Interquartile Range

Step 4: Find the values:

Median= 35

Q1= 14 (Mid point of Q1)

Q3= 58 (Mid point of Q3)

Step 5: Subtract Q1 from Q3 to find the interquartile range.

IQR = Q3 – Q1

=58-14

=44

Method to calculate IQR using Microsoft Excel:


Calculating IQR is very easy by using Microsoft Excel software, it is
generally used to analyze the large data.

Follow the below listed steps to calculate the IQR, using MS Excel:

Step 1: Type your data into a row

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Interquartile Range

Step 2: Sort the data in ascending order

Step 3: Use the “Quartile” formula

Use below path:

 Go to Formulas tab
o More functions
 Statistical
 QUARTILE

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Interquartile Range

Step 4: Function Arguments dialog box will be opened on your screen,

Select the range of data and enter the quartile number.

1: for Q1
2: for Q2 (Median)
3: for Q3

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Interquartile Range

Step 5: Subtract Q1 from Q3 to get IQR

IQR = Q3 – Q1

Summary:
• Difference between the first quartile (25th percentile) and the third
quartile (75th percentile) of an ordered range of data.

• It contains middle 50 percent of the distribution and is unaffected by


extreme values.

• Half of this range (25 percent or the distribution) is called semi-


interquartile range.

Seminar- BBM 404 Page 9


Interquartile Range

References:
en.wikipedia.org/wiki/Interquartile_range.html

http://www.mathsisfun.com/data/quartiles.html

http://www.businessdictionary.com/definition/interquartile-range.html

Submitted by:

Anand Dhir- 11D174

Abhishek Pandey – 11D170

BBM 4th Sem.


D.E.I. Study Centre, Gurgaon.

Seminar- BBM 404 Page 10

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