The Interquartile Range (IQR) is a measure of statistical dispersion, which represents the spread of the middle 50% of a dataset. It is calculated as the difference between the third quartile (Q3) and the first quartile (Q1) of a dataset.
The formula for IQR is:
\[IQR = Q3 - Q1\]
Where:
The IQR represents the range within which the middle 50% of the data falls, making it resistant to outliers and a robust measure of spread.
Let's calculate the IQR for the dataset: 2, 3, 4, 5, 6, 7, 8, 9
This box plot represents the example dataset. The box represents the IQR, with Q1, median, and Q3 marked. The whiskers extend to the minimum and maximum values.
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