How range is important in statistics
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In statistics and mathematics, therange is the difference between the maximum and minimum values of a data set and serve as one of twoimportant features of a data set. ... The calculation of the range is very straightforward.
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In statistics, the range of a set of data is the difference between the largest and smallest values.[1]
However, in descriptive statistics, this concept of range has a more complex meaning. The range is the size of the smallest interval (statistics) which contains all the data and provides an indication of statistical dispersion. It is measured in the same units as the data. Since it only depends on two of the observations, it is most useful in representing the dispersion of small data sets
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