Question

Find the coefficient of range for the following data relating to prices of shares of “ABC” company during a week.₹ 25.75, 23.10, 23.50, 29.25, 24.50​

Answer 1

Answer:

11.74

Step-by-step explanation:

coefficient of range = L-S / L+ S ×100

= 29.25 - 23.10 / 29.25+23.10 ×100

=11.74

Answer 2

Answer:

The answer to the given question is the coefficient of range for the data relating to prices of shares of “ABC” company during a week is 0.117

Step-by-step explanation:

Given:

The data relating to the prices of shares of ABC company during a week.

25.75, 23.10, 23.50, 29.25, 24.50

To find :

The coefficient of range for the following data.

Solution:

The given values are 25.75, 23.10, 23.50, 29.25, 24.50

we have to find the coefficient of the range.

let us arrange the given values in ascending order.

$23.10 \: \: 23.50 \: \: 24.50 \: \: 25.75 \: \: 29.25$

The smallest value among the given numbers is S

23.10.

The largest value among the given numbers is L 29.25.

The coefficient of the range is defined as the ratio of the difference between the highest and lowest value of frequency to the sum of the highest and lowest value of frequency.

The formula is

$\frac{l - s}{l + s}$

let us substitute the values in the formula.

$\frac{29.25 - 23.10}{29.25 + 23.10} = \frac{6.15}{52.35}$

on dividing, we get the values as

$\frac{6.15}{52.35} = 0.117$

The final value obtained is 0.117.

Therefore, the coefficient of range of the given data is 0.117

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