- is the typical values within the range of the data that lies within the smallest and the largest observation
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minimum and maximum values
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The typical values within the range of the data lie within the smallest and the largest observation.
• The difference between the largest and smallest numbers in a piece of data is known as the range.
• The range of a collection of data is calculated by subtracting the sample maximum and minimum values.
• The range refers to the size of the smallest interval that encompasses all of the data and indicates statistical dispersion.
• It is expressed in the same metric as the data.
• It is most useful in depicting the dispersion of tiny data sets because it only relies on two of the observations.
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