Range (statistics)
In the descriptive statistics, the range of a set of data is the difference between the largest and smallest values. It is the size of the smallest interval 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.
Read more about Range (statistics): Independent Identically Distributed Continuous Random Variables, Independent Nonidentically Distributed Continuous Random Variables, Independent Identically Distributed Discrete Random Variables, Related Quantities
Famous quotes containing the word range:
“For generations, a wide range of shooting in Northern Ireland has provided all sections of the population with a pastime which ... has occupied a great deal of leisure time. Unlike many other countries, the outstanding characteristic of the sport has been that it was not confined to any one class.”
—Northern Irish Tourist Board. quoted in New Statesman (London, Aug. 29, 1969)