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  • L1 QM02 - Summary 5 (2023)

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    Quantiles divide a data distribution into fractions and are used to interpret visualizations. Common quantiles include quartiles, which divide data into quarters, and percentiles, which divide into hundredths. The formula calculates the position of a percentile by dividing the rank of an observation by the total number of observations. A box and whiskers plot visualizes dispersion across quartiles, with the box showing the interquartile range and whiskers displaying highest/lowest values.

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    QM NOTES

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    L1 QM02 – Summary 5 (2023)

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    Quantiles divide a data distribution into fractions and are used to interpret visualizations. Common quantiles include quartiles, which divide data into quarters, and percentiles, which divide into hundredths. The formula calculates the position of a percentile by dividing the rank of an observation by the total number of observations. A box and whiskers plot visualizes dispersion across quartiles, with the box showing the interquartile range and whiskers displaying highest/lowest values.

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    7 views1 page

    L1 QM02 - Summary 5 (2023)

    Uploaded by

    Moksh Shah
    Quantiles divide a data distribution into fractions and are used to interpret visualizations. Common quantiles include quartiles, which divide data into quarters, and percentiles, which divide into hundredths. The formula calculates the position of a percentile by dividing the rank of an observation by the total number of observations. A box and whiskers plot visualizes dispersion across quartiles, with the box showing the interquartile range and whiskers displaying highest/lowest values.

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    Lecture 5 Summary (1)

    LO.i: Calculate quantiles and interpret related visualizations.


    A quantile is a value at or below which a stated fraction of the data lies. Some examples of quantiles include:
    • Quartiles: The distribution is divided into quarters.
    • Quintiles: The distribution is divided into fifths.
    • Deciles: The distribution is divided into tenths.
    • Percentile: The distribution is divided into hundredths.
    The formula for the position of a percentile in a data set with n observations sorted in ascending order is:
    n + 1 y
    Ly =
    100
    A box and whiskers plot is used to visualize the dispersion of data across quartiles. The box represents the
    interquartile range. The whiskers represent the highest and lowest values of the distribution. There are
    several variations of the box and whiskers plot. Sometimes the whiskers may be a function of the
    interquartile range instead of the highest and lowest values.

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