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In descriptive statistics, the interquartile range (IQR), also called the midspread or middle fifty, is a measure of statistical dispersion, being equal to the difference between the upper and lower quartiles, IQR = Q 3 â Q 1.nlike total range, the interquartile range has a breakdown point of 50%, and is thus often preferred to the total range. The IQR is used to build box plots, simple graphical representations of a probability distribution.
An abbreviation that is widely used in texting and on Instagram, Facebook, Twitter and elsewhere on the internet, but what does IKR mean in slang?