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:
“No doubt, the short distance to which you can see in the woods, and the general twilight, would at length react on the inhabitants, and make them savages. The lakes also reveal the mountains, and give ample scope and range to our thought.”
—Henry David Thoreau (1817–1862)