Definition
A quartile divides a dataset into four equal parts. ➗ Think of slicing a pizza 🍕 into four equal pieces; each slice is a quartile. The first quartile (Q1) represents the bottom 25% of the data, the second quartile (Q2) is the median (50%), the third quartile (Q3) represents the top 25% from the median, and the fourth quartile (Q4) is the top 25% of the data. Quartiles help to understand the spread and distribution of data. They're often used in statistics to identify outliers and analyze variability.