Answer:
True
The formula =QUARTILE.3(A2:A101) is used to calculate the value of the 3rd Quartile. This formula will take all the values of the data set, which in this example is from Cell A2 to Cell A101, and will return the value of the 3rd Quartile, which in this example is 32.
Why is the 3rd Quartile 32?
The 3rd Quartile is calculated by taking all the values of the data set, ordering them from smallest to largest, and then taking the median of the upper half of the data set. In this example, the value of the 3rd Quartile is 32, which means that 32 is the median of the upper half of the data set.
How is the 3rd Quartile Calculated?
The 3rd Quartile is calculated by first ordering all the values of the data set from smallest to largest. Then, the middle value of the data set is found, and this is the median. The upper half of the data set is then determined, and the median of this upper half is the 3rd Quartile value.
What is the Difference Between the 3rd Quartile and the Median?
The median is the middle value of the data set, while the 3rd Quartile is the median of the upper half of the data set. The 3rd Quartile is greater than the median, as it is the median of the upper half of the data set.
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