Question

Sample of five price/earnings ratios for companies in the Services sector follows. 45, 16, 11, 36, 38 Find the second quartile

Answer 1

36

Explanation:

We start by rearranging the dataset in ascending order

That would be;

11, 16 , 36, 38 , 45

We should understand that the second quartile is same as the median

The median is technically the middle number of the dataset which means that the middle number here which is 36 is the second quartile of the dataset