Its simple.
First quartile(Q1) means 25% observations are below this quantity(approx)
Third quartile(Q3) means 75% observations are below this quantity(approx)
See this link for more info
http://en.wikipedia.org/wiki/Quartile
Hi All
I have a time series dataset which produnes the following stats from the summary function
Min 1st Qu Median Mean 3rd Qu Max
51690 57530 97330 112500 167300 216700
What does the 1st Qu. & 3rd Qu. mean? I cannot find where this is explained anywhere.
Any help on this would be very much appreciated
Regards
Donal
Its simple.
First quartile(Q1) means 25% observations are below this quantity(approx)
Third quartile(Q3) means 75% observations are below this quantity(approx)
See this link for more info
http://en.wikipedia.org/wiki/Quartile
In the long run, we're all dead.
The true ideals of great philosophies always seem to get lost somewhere along the road..
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