Notebook
Quartile: It divides the data set into 4 equal parts using Q1 (First Quartile), Q2 (Second Quartile) and Q3 (Third Quartile). Let’s understand it using an example, assume we have a numerical variable having values from 1 to 100. Here, value for Q1 would be 25 (value at 25th percentile), value for Q2 would be 50 (value at 50th percentile i.e. median) and value for Q3 would be 75 (value at 75th percentile). Quartiles are well understood when used with box plots. Box Plots is a five number summary which represents Minimum, Maximum, Q1, Q2 and Q3. Let’s find out.