Write merits and demerits of Range.
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• Range= Largest value (L) – Smallest Value (S)
• Coefficient of Range= (L- S)/ (L S)
Merits of Range:
It is simple to understand and easy to calculate.
It is less time consuming.
Demerits of Range:
It is not based on each and every item of the distribution.
It is very much affected by the extreme values
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