Fence Formulas:
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Definition: Fences are statistical boundaries used to identify potential outliers in a dataset.
Purpose: They help in detecting unusual observations that might need further investigation in data analysis.
The calculator uses the formulas:
Where:
Explanation: The fences are calculated by adding/subtracting 1.5 times the IQR from the quartiles.
Details: Fences help identify potential outliers which might represent measurement errors, data entry mistakes, or truly unusual observations.
Tips: Enter the Q1, Q3, and IQR values from your dataset. The calculator will compute the upper and lower fences.
Q1: Why is 1.5 used as the multiplier?
A: 1.5 is a conventional value that identifies moderate outliers. Some analyses use 3 for extreme outliers.
Q2: What if my data point is outside the fences?
A: Points outside the fences are potential outliers that may warrant further investigation.
Q3: Can I use different multipliers?
A: Yes, you can manually adjust the calculation by changing the 1.5 factor based on your needs.
Q4: How do I find Q1, Q3, and IQR?
A: These can be calculated using statistical software or our Quartile Calculator tool.
Q5: Are fences the same as confidence intervals?
A: No, fences identify outliers while confidence intervals estimate population parameters.