thirdQuartile
The third quartile, commonly denoted Q3, is the value in a dataset below which 75% of the observations fall. It is the upper quartile or the 75th percentile, marking the boundary between the middle and the upper portion of the data.
Calculation methods vary. A common approach is to take the median of the upper half of the
Relation to IQR and box plots: Q1 is the 25th percentile, Q3 is the 75th percentile, and
Example: for the data set 1, 2, 3, 4, 5, 6, 7, 8, the upper half is
In practice, thirdQuartile is used to summarize distribution shape, identify potential outliers (often defined as values