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Answer:
The range is the difference between the largest and the smallest observation in the data. The prime advantage of this measure of dispersion is that it is easy to calculate. On the other hand, it has lot of disadvantages. It is very sensitive to outliers and does not use all the observations in a data set.
An advantage of using the range as a measure of variation is that it is easy to calculate.
- The range of a given set of numbers is gotten by subtracting the smallest number from the biggest number. For example, if we have the numbers 2, 1, 34, 23, 14, 19 and 50. The range will be:= 50 - 1 = 49
- One main advantage of using the range as a measure of variation is that it is easy to calculate. It also gives a precise measure of the dispersion.
In conclusion, the range isn't time consuming too.
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