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27 maj 2024 · Midrange is a simple statistical measure used to identify the central tendency of a dataset. It is calculated as the average of the maximum and minimum values in a dataset. The midrange provides a quick estimate of the center of the data distribution.
30 mar 2024 · How to Calculate Midrange with a Formula or in Excel. The midrange is the average of the range of a set of numbers, or the sum of the highest and lowest numbers divided by two. This quick equation can help you estimate the middle point of a set of numbers, similar to the mean or median.
23 lut 2020 · How to Find Midrange. Midrange is a simple statistical tool requiring minimal calculations. Step 1: Organize Data in Order. Organize the data in ascending or descending order. This will reduce the chances of choosing the incorrect numbers for the midrange formula. Step 2: Find Minimum and Maximum Numbers in Data.
The formula to find the midrange = (high + low) / 2. Example problem: Current cell phone prices in a mobile phone store range from $40 (the cheapest) to $550 (the most expensive). Find the midrange. Step 1: Add the lowest value to the highest: $550 + $40 = $590. Step 2: Divide Step 1 by two: $590 / 2 = $295.
You can use this calculator to compute the midrange value in two simple steps: Input the numbers in the data range, separating the values by a comma (e.g., 9,2,3,6), space (e.g., 9 2 3 6), or line break. Click on the "Calculate" button to generate the results.
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In statistics, the mid-range or mid-extreme is a measure of central tendency of a sample defined as the arithmetic mean of the maximum and minimum values of the data set: [1] The mid-range is closely related to the range, a measure of statistical dispersion defined as the difference between maximum and minimum values.
