The midrange of a dataset is a measure of central tendency that’s calculated by including the minimal and most values within the dataset and dividing the sum by 2. It’s a easy and intuitive measure of central tendency that’s straightforward to calculate and interpret, however additionally it is a much less strong measure of central tendency than the imply or median. It’s because the midrange might be simply skewed by outliers, that are excessive values which can be considerably completely different from the remainder of the info. Because of this, the midrange shouldn’t be a dependable measure of central tendency when there are outliers within the dataset.
Nonetheless, the midrange could be a helpful measure of central tendency when there are not any outliers within the dataset. It is usually a comparatively easy measure to calculate, making it a good selection for fast and straightforward evaluation of knowledge.
