Range Formula:
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The range is the difference between the largest and smallest values in a data set. It's a simple measure of statistical dispersion that shows how spread out the values are.
The calculator uses the range formula:
Where:
Explanation: The range gives the span of the entire data set, showing the distance between the extremes.
Details: While simple, the range is useful for quickly understanding the spread of data. It's often used alongside other statistical measures.
Tips: Enter the maximum and minimum values from your data set. The calculator will compute the difference between them.
Q1: What does a large range indicate?
A: A large range indicates that the values in the data set are widely dispersed.
Q2: What are limitations of the range?
A: The range is sensitive to outliers and doesn't show how data is distributed between the extremes.
Q3: Can the range be negative?
A: No, since maximum should always be greater than or equal to minimum, the range is always non-negative.
Q4: How is range different from standard deviation?
A: Range only considers two values (max and min), while standard deviation considers all data points and their distance from the mean.
Q5: When is range most useful?
A: Range is most useful for small data sets or when you need a quick, simple measure of spread.