How to calculate midrange
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Introduction
Midrange is a measure of central tendency, just like mean, median, and mode. It offers a quick and easy way to summarize a set of data by providing an approximate center for values in the dataset. In this article, we’ll break down the concept of midrange and provide an easy guide on how to calculate it.
Midrange Definition
The midrange is calculated by taking the average of the highest (maximum) and lowest (minimum) values in a dataset. Essentially, it represents the middle value if the data were evenly distributed. It is not as common as other measures of central tendency, such as mean or median, but it can still be useful in certain circumstances.
Calculating Midrange: Step By Step
Calculating the midrange is extremely simple and requires only three steps:
1. Identify the maximum value: Find the highest number in your dataset.
2. Identify the minimum value: Find the lowest number in your dataset.
3. Calculate the midrange: Add the maximum and minimum values found in steps 1 and 2, and then divide their sum by 2.
Example:
Let’s take a look at an example to help illustrate how to calculate midrange using the steps above.
Consider this dataset with seven values:
12, 6, 8, 9, 3, 10, 7
Step 1: Identify the maximum value which is ’12’.
Step 2: Identify the minimum value which is ‘3’.
Step 3: Calculate the midrange by adding the maximum and minimum values (12 + 3) and then dividing their sum by 2.
Midrange = (12 + 3) / 2
Midrange = (15) / 2
Midrange = 7.5
Thus, for this example dataset, the midrange is calculated as ‘7.5’.
Limitations of Midrange
It’s important to keep in mind that midrange can be heavily influenced by extreme values, or outliers, present in the data. In datasets with a significant amount of outliers or skewness, midrange might not be the best representation of central tendency. In such cases, using mean or median might yield more accurate and reliable results.
Conclusion
In conclusion, midrange is a simple measure of central tendency that represents the middle value between the maximum and minimum values in a dataset. Despite its limitations in handling outliers, it can still be an effective way to summarize a set of data and find its approximate center. By following the three steps provided in this guide, you will be able to quickly and easily calculate midrange for any set of data.