Quartiles

Calculate Q₃ for the following data.

Answer the following questions on the basis of the given data :

1) Write the formula of Q₁ and Q₃.

2) Find out the median of the above data?

3) Find out the cumulative frequency of the last value in the above data.

4) Find out the value of 'n' in the above data

Give economic term:

Value that divides the whole set of observations into four equal parts.

State with reasons whether you agree or disagree with the following statement:

Median is also known as the second quartile.

Give the correct option:

Statements that do not apply to Quartiles.

1. First, arrange the values in ascending or descending order.
2. Observation can be divided into 4 parts.
3. They are represented as Q₁, Q₂ and Q₃.
4. Q₂ is also known as a median.