Probability and Statistics
Quartiles are statistical values that divide a dataset into four equal parts, allowing for a better understanding of the distribution of data. The first quartile (Q1) represents the 25th percentile, the second quartile (Q2) is the median or 50th percentile, and the third quartile (Q3) is the 75th percentile. By providing insights into the spread and central tendency of data, quartiles are essential in creating box plots and understanding variability in datasets.
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