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These are simply a convenient and practical period to track trends in key indicators especially , sales, profits, costs, income, customers served etc.
One can also compare trends over time - eg how did a particular compare to results from the same quarter last year?
Quarters also give you time to spot a trend and take action if necessary to influence results over the next quarter.
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∙ 12y ago
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Why a business need creditors?
Why a business have creditors
What is the role of capital in business?
it's the money that you need to start the business.
What Business course do you need to take in college to start your own business?
Accounting, economics, business law should do it.
How can one have a business online and work from home?
To have a business online and work from home you need to come up with a business idea, and get any relevant permits and items you need. Then start advertising for clients.
Need a loan to start a business?
There are varied types of business loans, newagebusinessloans is a trusted source for business owners and secure business financing problem easily.
What is the usefulness of quartiles in business?
It is a simple but crude measure of the spread of data.
How many quartiles are there?
There are 5 quartiles in any data set.
Can quartiles be calculated in a stem and leaf plot?
Yes, but the leaves on each stem need to be ordered.
What quartile rage difference of the upper and lower quartiles?
There is no need to lose your rag!It is the inter-quartile range.
How much data do you need in order to have quartiles?
Definately more than 4 pieces of data (intuitively, otherwise at least 2 of your quartiles will fall in exactly the same place as each other). But I think that's the only limit on how much data you need - there is no upper limit.
How do you find the first and third quartiles?
37
Are the upper and lower quartiles classed as averages?
No.
Are quartiles divided into four equal quarters?
Yes it does.
What is the interquartile range a measure of?
The interquartile range is well known as a measure of statistical dispersion. It is equal to difference between upper and lower quartiles. The quartiles is a type of quantile.
What are quartiles in relationship to mean median mode?
Quartiles are values that divide a sample of data into four groups containing the same number of observations. You will find details in the related link.
What does the distance between the quartiles tell you?
It gives you the interquartile range
How do you solve a quartile?
Quartiles have nothing to be "solved", but they can be "found" if that's what you mean...
