what are merits of range?
what are merits of range?
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Ayush
The range is the size of the smallest interval (statistics) which contains all the data and provides an indication of statistical dispersion. It is measured in the same units as the data. Since it only depends on two of the observations, it is most useful in representing the dispersion of small data sets.
some merits of range are.
1. It is easiest to calculate and simplest to understand even for a beginner.
2. It is one of those measures which are rigidity defined.
Yash Nagdoniya
Merits of Range:
1. It is simple to understand and easy to calculate.
2. It is less time consuming.