Given the following set of data, what is the range 12 23 34 54 21 8 9 67:
Range is defined as the difference between the highest(or largest ) and lowest(or smallest) observed value in a series. It is the most simple and commonly understandable measures of dispersion. Therefore, it is the most affected measures of dispersion by the extreme values of the series.
Range = H - L
In the given series, H= 67 and L= 12
Range = 67 -12 = 55 .