There are several other useful measures than mean, median, or mode to support you with analyzing a data set.
As you look at a data set, often, you may want to comprehend the data spread, or the gap between the least and the greatest number.
Next lesson: Theoretical Probability and Experimental Probability
This transcript is provided for your convenience.
Now, this is the data range and to find that range, we subtract the data set’s least value from its greatest value. To give you an example, if the data set consists of 2, 3, 5, 4, 5, and 5, the set’s least value is the 2 and the set’s greatest value is the 5. So the set’s range is 5 minus 2, which is 3.
It may also be useful to know which number or value is mid-way between the data set’s least value and greatest value. This value or number is what we call the midrange. To discover that midrange, we have to add the greatest and the least values together and divide that number by 2. Or, to use other words, discover the mean of the set’s greatest and least values.
In the data set 2, 5, 3, 4, 5, and 5, the midrange is:
Let’s take a look at some other examples.
Problem: Discover the midrange and range for the following number set: 2, 7, 4, 10, 35, 14.
The range is: 35 – 2 which is 33 To discover the range, subtract the number set’s least value from the set’s greatest value.
The midrange is: Add the set’s greatest and least values together and divide that number by two.
The Answer is:
Problem: Discover the midrange and range for this number set: 62, 20, 88, 145, 105, 37, 93, and 22.
The least number is 20 As this data set is in the order least to greatest, first find the least and the greatest number.
The greatest number is 145
The range is: 145 minus 20 which is 125 Subtract the set’s least value from the set’s greatest value to discover the range.
The midrange: Now, we add the least and the greatest values together and divide that number by two.
The Answer is: