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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.igure 3. Box-and-whisker plot with four close and one far away extreme values, defined as outliers above Q3 + 1.5(IQR) and Q3 + 3(IQR), respectively. The interquartile range is often used to find outliers in data.
Making the world better, one answer at a time. The interquartile range is the upper quartile (75th percentile) minus (-) the lower percentile (75th percentile). The interquartile range uses 50% of the data. It is a measure of the central tendency just like the standard deviation.A small interquartile range means that most of the values lie close to each other.he interquartile range is the upper quartile (75th percentile) minus (-) the lower percentile (75th percentile).