the introduction of these fundamentals is briefly given in your academic books and notes. the statistic has a huge application nowadays in data science professions. the professionals use the stats and do the predictions of the business. it helps them to predict the future profit or loss ...
You have learned aboutstandard deviationin statistics. Quartile deviationis defined as half of the distance between the third and the first quartile. It is also calledSemi Interquartile range. If Q1is the first quartile and Q3is the third quartile, then the formula for deviation is given by; ...