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The upper quartile is the lowest value of the top 25% of items. - Economics

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Question

The upper quartile is the lowest value of the top 25% of items.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is true. 

Explanation:

The value that divides a statistical series into four equal parts, the end value of each part is called quartile. The third quartile or the upper quartile has 75 % of the items below it and 25 % of items above it.

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Measures of Central Tendency - Quartile
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Chapter 5: Measures of Central Tendency - Exercise [Page 72]

APPEARS IN

NCERT Statistics for Economics [English]
Chapter 5 Measures of Central Tendency
Exercise | Q 3. (iv) | Page 72
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