Data Science Statistics
The interquartile range (IQR) is a measure of statistical dispersion that represents the range within which the central 50% of data points lie, calculated by subtracting the first quartile (Q1) from the third quartile (Q3). It provides insight into the spread and variability of a dataset, allowing for a clearer understanding of its distribution by focusing on the middle half while excluding extreme values. This measure is particularly useful in identifying outliers and understanding data variability in various contexts.
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