How to calculate midrange in statistics?, Basic Statistics

Assignment Help:

Midrange

The midrange is the measure of the center that is the value midway between the highest and the lowest values in the original data set. It is found by adding the highest data value to the lowest data value and after which dividing the sum by 2, as in the following formula.

Midrange = (highest value + lowest value) / 2

Example is as follows

Listed below are measured amounts of lead ( in mg/m3 ) in the air from the site of the World Trade Center on different days after September 11, 2001. Find the midrange for this sample.

5.40 1.10 0.42 0.73 0.48 1.10

Solution can be given by

(5.40 + 0.42) / 2  = 2.9102

 

 


Related Discussions:- How to calculate midrange in statistics?

Find out the value to the firm and wacc , 1. HV Inc. is trying to determine...

1. HV Inc. is trying to determine the optimal time to undertake a product expansion. The project will require an initial investment of $15M and the firm has a WACC of 3%. The expan

Explain Book value, Explain Book value The net quantity at which an advant...

Explain Book value The net quantity at which an advantage or asset group appears on the books of account, as distinguished from its marketplace or intrinsic value where book value

STATISTICS, EIGHT definition of statistics and their scholars

EIGHT definition of statistics and their scholars

FIFO, how to figure out cost of good available for sale, cost of sales, end...

how to figure out cost of good available for sale, cost of sales, ending inventory

Lpp, A paper mill produces two grades of paper viz., X and Y. Because of ra...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

BALANCE SHEET , BALANCE SHEET A financial report that shows the resources,...

BALANCE SHEET A financial report that shows the resources, obligations, and stock of a business at a specified time frame in complying with usually recognized sales concepts (GAAP

Discovery of Neutron, Discovery of Neutron A neutron is a neutral particle...

Discovery of Neutron A neutron is a neutral particle carrying no charge, and having mass equal roughly to the mass of a proton. This particle was discovered experimentally by Chad

Cronbach alpha, How to calculate manually Cronbach alpha

How to calculate manually Cronbach alpha

Level of significance, Twenty years ago, entering male high school students...

Twenty years ago, entering male high school students of Central High could do an average of 24 pushups in 60 seconds. To see whether this remains true today, a random sample of 36

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd