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Unit 6: Business Decision Making - Techniques to analyse data

Quartiles

There are three quartiles and they divide the data into four equal parts

The lower quartile is one quarter through the data, the upper quartile is three quarters through the data, the middle quartile is two quarters through the data (so halfway) so is calculated in the same way as the median

 

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Data Sources

Primary data- consists of data collected “first-hand”

Secondary data - is data collected by others

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