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If you do not choose the median as the new data point, then continue the Method 1 or 2 where you have started. If there are (4n+1) data points, then the lower quartile is 25% of the nth data value plus 75% of the (n+1)th data value; the upper quartile is 75% of the (3n+1)th data point plus 25% of the (3n+2)th data point.
First quartile The rank of the first quartile is 10×(1/4) = 2.5, which rounds up to 3, meaning that 3 is the rank in the population (from least to greatest values) at which approximately 1/4 of the values are less than the value of the first quartile. The third value in the population is 7. 7 Second quartile
The 25th percentile is also known as the first quartile (Q 1), the 50th percentile as the median or second quartile (Q 2), and the 75th percentile as the third quartile (Q 3). For example, the 50th percentile (median) is the score below (or at or below, depending on the definition) which 50% of the scores in the distribution are found.
The two are complementary in sense that if one knows the midhinge and the IQR, one can find the first and third quartiles. The use of the term hinge for the lower or upper quartiles derives from John Tukey 's work on exploratory data analysis in the late 1970s, [ 1 ] and midhinge is a fairly modern term dating from around that time.
The IQR of a set of values is calculated as the difference between the upper and lower quartiles, Q 3 and Q 1. Each quartile is a median [8] calculated as follows. Given an even 2n or odd 2n+1 number of values first quartile Q 1 = median of the n smallest values third quartile Q 3 = median of the n largest values [8]
If data are placed in order, then the lower quartile is central to the lower half of the data and the upper quartile is central to the upper half of the data. These quartiles are used to calculate the interquartile range, which helps to describe the spread of the data, and determine whether or not any data points are outliers.
So we're basically moving third and fourth quartile inventory into first and second quartile inventory, all while getting the benefit of capital efficiency from 18 DUCs out into the program and ...
The actual values obtained depends on the actual data. Choosing numbers like 1,2,3 ... for the data emphasizes that point and hints directly to the reader how a quartile was calculated. For example a quartile of 1.5 would hint that this quartile is in the middle between the first and second number of the list.
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related to: how do you find the first quartile in excel spreadsheet with data