Finance

Charts

Statistics

Macros

Search

How to use the QUARTILE() function in Excel

Returns the specified quartile of a dataset. Quartiles divide data into four equal groups, useful for analyzing income distributions, sales performance, or survey results (e.g., identifying the top 25% of values).

Syntax:
QUARTILE(array ; quart)

Arguments

Argument Description
array (required) Range of numeric values to analyze.
quart (required) Integer (0–4) specifying which quartile to return.

Table 1: Quartile Argument Values

Value Result
0 Minimum value
1 25th percentile (lower quartile)
2 50th percentile (median)
3 75th percentile (upper quartile)
4 Maximum value

Key Concepts

  • Quartiles split data into 4 equal parts, while quantiles divide it into *n* parts.
  • Median (quart=2) divides data into two equal halves.
  • For datasets with even observations (e.g., 12 values), the median averages the middle two values.

Pharmaceutical Sales Example

Goal: Analyze pill sales across 5 U.S. regions per 100,000 residents.

Data: 12 monthly sales values per region (sorted in ascending order).

Calculations for Region 1:

  1. Quartile 0 (Min): $800
  2. Quartile 2 (Median):
    • Position: Between 5th/6th values → (4,200 + 4,220)/2 = $4,210
  3. Quartile 4 (Max): $11,786

Quartiles 1 & 3 (25th/75th Percentiles):

  • Quartile 1 (25%): Between 3rd/4th values → $1,185
    • Interpretation: 25% of sales ≤ $1,185.
  • Quartile 3 (75%): Between 9th/10th values → $5,525
    • Interpretation: 75% of sales ≤ $5,525.

Comparative Insight:

  • In Region 5, 75% of sales are ≤ $3,840 (vs. $5,525 in Region 1).

Manual Calculation Notes

  • For n=12:
    • 25th percentile: 0.25×12 = 3rd/4th values → Weighted toward 4th.
    • 75th percentile: 0.75×12 = 9th/10th values → Weighted toward 10th.

Visual Reference: See Figure below for sales data.

0 0 votes
Évaluation de l'article
S’abonner
Notification pour
guest
0 Commentaires
Le plus ancien
Le plus récent Le plus populaire
Online comments
Show all comments
Facebook
Twitter
LinkedIn
WhatsApp
Email
Print
0
We’d love to hear your thoughts — please leave a commentx