What is Coefficient of Range?

What is Range?

Range is the easiest to understand of all the measures of dispersion. The difference between the largest and smallest item in a distribution is called range. It can be written as:...

What is Coefficient of Range?

The ratio of the difference between two extreme items (the largest and smallest) of the distribution to their sum is known as the Coefficient of Range. The coefficient of the range is a relative measure of dispersion. Symbolically, the range can be expressed as:...

Calculation of Range and Coefficient of Range

Range and Coefficient of Range can be calculated in three different series:...