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Interquartile Range
Another distance measure of dispersion that we may encounter, the interquartile range, focuses on the middle rather than the extremes. The interquartile range (IQR) is the difference between the third and first quartiles of a data set: IQR = Q3Q1. The IQR represents the length of the interval containing the middle 50 percent of the data, with a larger interquartile range indicating greater dispersion, all else equal.
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