How to Calculate Mid-range?
To calculate Mid Range we have to follows some few steps. They are as follows:
- Sort the data in ascending or descending order as suggested by Statisticians
- Find the minimum and maximum value. When sorted in ascending order, the minimum value is present at first while the maximum element is present at last. In descending order its the other way round.
- Find the sum of minimum and maximum element.
- Then divide the sum by 2.
Mid Range
Midrange is a simple statistical measure used to identify the central tendency of a dataset. It is calculated as the average of the maximum and minimum values in a dataset. The midrange provides a quick estimate of the center of the data distribution. The midrange is useful for a quick estimate of the central tendency when dealing with small datasets or when a rapid calculation is needed.
In this article, we will learn in detail about mid range, along with formula and, how to calculate, and how is it different from range and interquartile range.
Table of Content
- What is Mid Range?
- Mid Range Formula
- How to Calculate Mid-range?
- Is Mid-Range Sensitive to Outliers?
- Difference between Range and Mid Range
- Difference Between Midrange and Interquartile Range.