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Interquartile is a term used in statistics. In particular, the interquartile range is one measure of the spread of a distribution. A distribution is a record of the values of some variable.
It is defined as the difference between the largest and smallest values in the middle 50% of a set of data. To compute an interquartile range using this definition, first remove observations from the lower quartile. Then, remove observations from the upper quartile.