Which of the following defines Range of a given data set.
Minimum value
Most occurring value
Maximum value - minimum value
Maximum value
The definition of range of a data set is the difference between the maximum and minimum value of the data.
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?