All Topics / Help Needed! / Definition of ‘Quartile’

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  • Profile photo of GeoffBeckGeoffBeck
    Member
    @geoffbeck
    Join Date: 2003
    Post Count: 95
    December 11, 2005 - 5:43 am

    Does anyone know what the definition of Quartile is?

    API magazine us this term on there Median house/unit prices listings at the back of the magazine. Some of the applications used are: House Quartiles; Upper Quartile; Lower Quartile…

    I have looked through two dictionaries and unable to locate a definition.

    Cheers
    GeoffB

    Profile photo of BennyBenny
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    @benny
    Join Date: 2002
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    December 11, 2005 - 6:00 am

    Hi Geoff,

    It simply means “by quarter” – so if they are talking upper quartile, they are referring to the top 25%

    Benny

    Profile photo of GeoffBeckGeoffBeck
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    @geoffbeck
    Join Date: 2003
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    December 11, 2005 - 6:12 am

    Thanks Benny,

    Suspected the definition was along those lines.

    Cheers
    GeoffB

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