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Excel Quartile Function in Excel

Yodalearning>Excel>Excel Quartile Function in Excel

Summary:

The Quartile Function helps to return the quartile of a data set in Excel. Going further in this tutorial, you’ll see how to find Quartile using Excel. You’ll observe that the Quartiles are several times used in sales and also while inspecting the sample data.

Quartile function in Excel

The Quartile Function in Excel will support you while dividing the population into groups. For an instance let’s consider an example, you can even use the QUARTILE function in Excel to discover the income in a population, i.e. top 25 percent of incomes in a population.

The Excel QUARTILE function helps to return the quartile, individually from the four equal groups. This is for a data-set. The QUARTILE Function will help to return the minimum value, first quartile, second quartile, third quartile, and then the max value.

Purpose 

You want the quartile present in a data set

Return value 

You need to know the Value requested for the quartile

Syntax 

=QUARTILE (array, quart)

Arguments 

array – A reference which contains the data for analyzing.

quart – The quartile value to be returned.

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What is a quartile in Excel?

Quartile function in Excel. The Quartile function is a type of quantile (in statistics). The three points that will divide the sorted Datasets into Four groups (the groups are equal). Each of these represents a fourth of the distributed sample Population.

There are three quartiles while you talk about the quartile function in Excel:

The first quartile also called (Q1)

The second quartile also called (Q2)

The third quartile also called (Q3)

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Practice notes:

The QUARTILE function in Excel is to be used for a set of Data to get the quartile. QUARTILE contains two arguments, the array and the quart. The array contains the numeric data which will help you to analyze and quart which indicates which quartile value is to be returned back. 5 values are displayed for the quart argument. Here, you’ll be able to see how QUARTILE function in Excel accepts these values.

Values for Quart arguments

Important: The quartile Function has been replaced by one or more new Functions. These functions propose enhanced accuracy in results. And the names of these already reflect on their usage. The quartile function in Excel is made available till date. But this used to be helpful for the Backward Compatibility. Since there might be no availability of the quartile function in Excel in Future. Therefore, people should not rely on these Functions anymore.

Learn Quartile function, Highlight Quartile, Multiple Quartile Function, Percentile Function in Dashboard Course. Learn More

Learn Excel VBA Automation Functions, Let Excel do the Quartile & Percentile Function for you using Excel VBA. Learn More

To find the quartiles of this data set in Excel, follow these steps:

  1. Follow the order of the data from least to greatest
  2. Divide the data set into two halves after you discover the median
  3. Now discover the median of the two halves

Have you read about the Percentile Function in Excel yet?

The percentiles and quartiles excel are easy and hence should be known to all.

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