What Is the Interquartile Range (IQR)?
Outlier Rule
A common rule treats values below Q1 − 1.5 × IQR or above Q3 + 1.5 × IQR as potential outliers.
Example
With Q1 = 5 and Q3 = 13, IQR = 8; values below −7 or above 25 would be flagged.
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Last updated: September 29, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.