3 min read•Last Updated on June 27, 2024
Quartiles and percentiles help us understand how data is distributed. These measures divide data into equal parts, giving us insight into where specific values fall within a dataset. They're crucial for comparing data points and identifying patterns.
The median and interquartile range (IQR) are robust measures of central tendency and spread. Unlike the mean, they're less affected by outliers, making them valuable for skewed distributions. The IQR helps us grasp the spread of the middle 50% of our data.