The range of a dataset is 59.11 and the least observation is 83.06. The highest observation is:
The lowest observation of a data is 24 and the highest is 56. So the range of the data is ___________
Statement 1: Range of a data set gives the measure of its spread.
Statement 2: Range of a data set is given by: Highest observation + Lowest Observation.
Which of the above statements are true?