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Calculate the range for the following data giving the daily sales of a shop for 10 days.sales (in Rs ):180,184,165,168,174,179,162,160,186,170.?
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Calculate the range for the following data giving the daily sales of a...
Calculating the Range of Daily Sales
- Step 1: Arrange the data in ascending or descending order
- 160, 162, 165, 168, 170, 174, 179, 180, 184, 186
- Step 2: Find the highest and lowest values in the data set
- Highest value: 186
- Lowest value: 160
- Step 3: Subtract the lowest value from the highest value
- 186 - 160 = 26
- Step 4: Interpret the result as the range of the data set
- The range of daily sales for the shop over the 10-day period is Rs 26.
Explanation
In statistics, the range is a measure of the dispersion or spread of a data set. It is calculated by subtracting the lowest value from the highest value in the data set. The range indicates the distance between the maximum and minimum values and provides a quick snapshot of the variability of the data.
In this case, the daily sales data for the shop over the 10-day period ranged from Rs 160 to Rs 186, resulting in a range of Rs 26. This indicates that the daily sales varied by as much as Rs 26 over the 10-day period.
The range is a simple measure of dispersion that can provide useful insights into the variability of a data set. However, it can be affected by outliers, or extreme values, which can distort the measure. Therefore, it is important to consider other measures of dispersion, such as the standard deviation, which are more robust to outliers.
Community Answer
Calculate the range for the following data giving the daily sales of a...
The difference of the highest and the lowest frequency of a database is known as range,
.the highest frequency = 186
. the lowest frequency = 160
Difference = 186 - 160 = 26
so, 26 is the range.
.the highest frequency = 186
. the lowest frequency = 160
Difference = 186 - 160 = 26
so, 26 is the range.
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Calculate the range for the following data giving the daily sales of a shop for 10 days.sales (in Rs ):180,184,165,168,174,179,162,160,186,170.?
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Calculate the range for the following data giving the daily sales of a shop for 10 days.sales (in Rs ):180,184,165,168,174,179,162,160,186,170.? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Calculate the range for the following data giving the daily sales of a shop for 10 days.sales (in Rs ):180,184,165,168,174,179,162,160,186,170.? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the range for the following data giving the daily sales of a shop for 10 days.sales (in Rs ):180,184,165,168,174,179,162,160,186,170.?.
Calculate the range for the following data giving the daily sales of a shop for 10 days.sales (in Rs ):180,184,165,168,174,179,162,160,186,170.? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Calculate the range for the following data giving the daily sales of a shop for 10 days.sales (in Rs ):180,184,165,168,174,179,162,160,186,170.? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate the range for the following data giving the daily sales of a shop for 10 days.sales (in Rs ):180,184,165,168,174,179,162,160,186,170.?.
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