Range Formula:
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The range of a data set is the difference between the maximum and minimum values in the set. It provides a simple measure of statistical dispersion, showing how spread out the values in a data set are.
The calculator uses the range formula:
Where:
Explanation: The range is calculated by simply subtracting the smallest value from the largest value in the data set.
Details: Range is a fundamental measure of variability in statistics. It provides a quick understanding of how spread out data values are, though it can be sensitive to outliers.
Tips: Enter the maximum and minimum values from your data set. Ensure the maximum value is greater than or equal to the minimum value for valid calculation.
Q1: What are the limitations of using range?
A: Range only considers the extreme values and doesn't account for how other values are distributed, making it sensitive to outliers.
Q2: When is range most useful?
A: Range is most useful when you need a quick measure of spread and when your data doesn't contain extreme outliers.
Q3: How does range compare to other measures of dispersion?
A: Unlike standard deviation or interquartile range, range doesn't provide information about the distribution of values between the extremes.
Q4: Can range be negative?
A: No, range cannot be negative as it represents the difference between maximum and minimum values.
Q5: What if all values in my data set are the same?
A: If all values are identical, the range will be zero, indicating no variability in the data.