The IQR (Interquartile Range) is calculated by finding the difference between the first quartile (Q1) and the third quartile (Q3) of the dataset.
To find the IQR in this dataset:
- Q1 = 2
- Q3 = 4
Therefore, IQR = Q3 - Q1 = 4 - 2 = 2.
The IQR represents the spread of the middle 50% of the data. In this case, it tells us that for the students in the middle 50% of the dataset, there is a range of 2.5 hours in the number of hours spent on the project. This means that the majority of students spent between 2 and 4.5 hours on the project.
Since the IQR is a measure of variability that is not affected by extreme values (like the maximum and minimum), it gives a more accurate representation of the spread of the data in this case.