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A data set has three quartiles, which divide the data into four equal parts. The first quartile (Q1) represents the 25th percentile, the second quartile (Q2) is the median or 50th percentile, and the third quartile (Q3) marks the 75th percentile. Together, these quartiles help us understand the distribution and spread of the data! When you're working with quartiles, one common mistake is to forget that they only apply to ordered data. Make sure to sort your data first! Also, remember that the method of calculating quartiles can vary slightly, so check the formula being used (e.g., inclusive vs. exclusive methods) to ensure accuracy in your results!