Midrange Formula:
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The midrange is a measure of central tendency that represents the middle point between the minimum and maximum values in a dataset. It's calculated as the average of the highest and lowest values.
The midrange is calculated using the simple formula:
Steps:
Appropriate uses:
Be aware that:
Q1: Is midrange the same as median?
A: No, median is the middle value when all values are ordered, while midrange is the average of just the highest and lowest values.
Q2: When should I not use midrange?
A: Avoid midrange when your data has extreme outliers or is heavily skewed, as it will give a distorted view of central tendency.
Q3: What's the advantage of midrange?
A: It's extremely simple to calculate and can be useful for quick estimates with small, well-behaved datasets.
Q4: How does midrange compare to mean?
A: Mean considers all data points, while midrange only considers two. Mean is generally more representative but more affected by outliers.
Q5: Can midrange be used with any data type?
A: Midrange requires numerical data where arithmetic operations (addition and division) make sense.