Quartile ranking is a statistical tool used to evaluate and compare the performance of mutual funds within a specific category. It divides funds into four quartiles based on their performance over ...

Quartiles are the values that divide a data set into quarters: Put the values in order Divide the list into four equal parts The Quartiles are at the divisions The interquartile range shows the ...

In order to calculate this value we must first understand what the lower quartile, median and upper quartile are: the lower quartile is the median of the lower half of the data. The \(\frac{(n+1)}{ ...