Understanding Range in Data Analysis

Range is a measure of the spread or dispersion of a set of data. It describes how much the individual data points deviate from the mean value. In other words, range is a way to quantify the amount of variation in a dataset.

The range of a dataset is calculated by subtracting the smallest value (minimum) from the largest value (maximum). The formula for range is:

Range = Maximum - Minimum

For example, if a dataset has the values 2, 4, 6, 8, and 10, the range would be:

Range = 10 - 2 = 8

This means that the data points in this dataset deviate from the mean by up to 8 units. A larger range indicates more spread out the data is, while a smaller range indicates that the data points are closer to the mean.

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