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Quartile Deviation, also known as the semi-interquartile range, is a measure of dispersion that indicates the spread of the middle 50% of a data set. It is particularly useful in managerial applications because it is less affected by extreme values compared to the range or standard deviation, providing a more robust understanding of variability in business data. Quartile Deviation is derived from the first quartile (Q1) and the ______ _________ __________ _____ _______.
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