Range Calculator
Calculate the range of a set of data.
Frequently Asked Questions (FAQs):
- What is the range, and why is it important?
- The range measures the difference between the maximum and minimum values in a dataset. It’s a simple but informative measure of the spread or variability of data points.
- What is the formula for calculating the range?
- The formula for calculating the range of a dataset with n values, denoted as x₁, x₂, …, xₙ, is:
- Where x_{max} is the maximum value and x_{min} is the minimum value in the dataset.
- How do I interpret range values?
- The range provides a quick snapshot of the spread of data points. A larger range indicates greater variability, while a smaller range suggests data points are more tightly clustered. It’s a simple but useful measure to understand data dispersion.