Range, Advanced Statistics

Assignment Help:

Range is the difference between the largest and smallest observations in the data set. Commonly used as an easy-to-calculate measure of the dispersion in the set of observations but not recommended for this task because of its sensitivity to the outliers and the fact that its value increases with the sample size.


Related Discussions:- Range

Time series, relevancy of time series in business management

relevancy of time series in business management

Regression discontinuity design, Regression discontinuity design is the qu...

Regression discontinuity design is the quasi-experimental design in which participants in, for instance, an intervention study, are assigned to the treatment and control groups on

Degenerate distributions, The special cases of the probability distribution...

The special cases of the probability distributions in which the random variable's distribution is concentrated at one point only. For instance, a discrete uniform distribution when

Epidemic, The rapid development or growth of the disease in a community or ...

The rapid development or growth of the disease in a community or region. Statistical thinking has made very much significant contributions to the understanding of such type of phen

Multimodal distribution, Multimodal distribution is the probability distri...

Multimodal distribution is the probability distribution or frequency distribution with number of modes. Multimodality is frequently taken as an indication which the observed di

General household survey, It is the survey which is carried out in Great Br...

It is the survey which is carried out in Great Britain on a continuous basis since 1971. About 100 000 households are included in this sample every year. The main goal of the surve

Case Study: Test Market, You and your team have been hired as strategic con...

You and your team have been hired as strategic consultants by the hugely successful retailer known as “Cutie Pie”. The company sells many products, although one product in particul

Matching, Matching is the method of making a study group and a comparison ...

Matching is the method of making a study group and a comparison group comparable with respect to the extraneous factors. Generally used in the retrospective studies when selecting

Decision Models., An oil company thinks that there is a 60% chance that the...

An oil company thinks that there is a 60% chance that there is oil in the land they own. Before drilling they run a soil test. When there is oil in the ground, the soil test comes

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