Preparatory Statistics
The interquartile range (IQR) is a measure of statistical dispersion that represents the range within which the middle 50% of a data set lies. It is calculated by subtracting the first quartile (Q1) from the third quartile (Q3), thus providing insight into the spread of the central portion of the data while effectively minimizing the impact of outliers. The IQR is often used in conjunction with box plots to visually display data distributions and identify potential outliers.
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