Business Statistics

Chapter 3 | Measures of Central Tendency 97

Self-Practice ProblemS

3.7 PARTITION VALUES: QUARTILES, DECILES, AND PERCENTILES

Median is the value which divides the data into two equal parts. Partition values are measures that

divide the data into several equal parts. There are three type of partition values: quartiles, deciles, and

percentiles. Quartiles divide data into four equal parts, deciles divide data into ten equal parts, and

percentiles divide data into hundred equal parts. The method of computing these partitional values is

similar to the method of computing median. The only difference can be observed in terms of location

of the partition ...