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I am having a hard time understanding IQR and determining the spreads. Can you please assist me with this problem? Thanks, The following box plot

I am having a hard time understanding IQR and determining the spreads. Can you please assist me with this problem? Thanks,

The following box plot represents a sample of house prices. House prices ($1000s) 160 155 Find and interpret the first quartile Q1. Ex: 19000 150 Pick 145 140 Find and interpret the interquartile range (IQR). 135 Pick 130 125 120

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