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Using the Interquartile Range (IQR) to Identify Outliers
- IQR stands for interquartile range, it is a measure of variability that is used to describe the middle 50% of a data set.
- Q1 and Q3 are calculated using the formula, where Q1 is the first quartile and Q3 is the third quartile.
- The IQR is the difference between Q3 and Q1.
- The IQR is not affected by outliers, making it a robust measure of variability.
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