Quartiles:Quartiles are the three values that divide a dataset into four equal parts, with the first quartile (Q1) representing the 25th percentile, the second quartile (Q2) representing the 50th percentile, and the third quartile (Q3) representing the 75th percentile.
Percentiles:Percentiles are the values that divide a dataset into one hundred equal parts, with the 25th percentile representing the value below which 25% of the data falls, the 50th percentile representing the median, and the 75th percentile representing the value below which 75% of the data falls.
Outliers:Outliers are data points that are significantly different from the rest of the dataset, often due to measurement errors or unusual occurrences. The IQR is less affected by outliers compared to other measures of dispersion, such as the range.