Commerce Exam > Commerce Videos > Statistics for Economics - Class XI > Calculation of Range
Calculation of Range Video Lecture | Statistics for Economics - Class XI - Commerce
|
51 videos|41 docs|12 tests
|
FAQs on Calculation of Range Video Lecture - Statistics for Economics - Class XI - Commerce
| 1. What is range in statistics? |  |
Range in statistics refers to the difference between the largest and smallest values in a data set. It provides a measure of the spread or variability of the data. To calculate the range, you subtract the smallest value from the largest value.
| 2. How is the range calculated? | |
To calculate the range, you simply subtract the smallest value from the largest value in a data set. For example, if you have a set of numbers {2, 5, 8, 10, 12}, the smallest value is 2 and the largest value is 12. Therefore, the range would be 12 - 2 = 10.
| 3. What does the range tell us about the data? | |
The range provides insight into the variability or spread of the data set. A larger range indicates a greater dispersion of values, suggesting more variability in the data. Conversely, a smaller range suggests less variability and a more concentrated set of values.
| 4. Can the range be used as a measure of central tendency? | |
No, the range is not a measure of central tendency. Measures of central tendency, such as the mean, median, and mode, provide information about the typical or central value in a data set. The range, on the other hand, focuses on the spread or dispersion of the data.
| 5. What are the limitations of using the range? | |
While the range provides a simple measure of variability, it has some limitations. It only considers the two extreme values in a data set and ignores the distribution of the remaining values. Additionally, the range is sensitive to outliers, meaning that a single extreme value can greatly affect its value. Therefore, it is often useful to consider other measures of dispersion, such as the standard deviation, alongside the range.
About this Video
|
4.81/5 Rating |
|
Nov 22, 2024 Last updated |
Video Description: Calculation of Range for Commerce 2024 is part of Statistics for Economics - Class XI preparation.
The notes and questions for Calculation of Range have been prepared according to the Commerce exam syllabus.
Information about Calculation of Range covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Calculation of Range.
Introduction of Calculation of Range in English is available as part of our Statistics for Economics - Class XI for Commerce & Calculation of Range in
Hindi for Statistics for Economics - Class XI course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Calculation of Range Video Lecture | Statistics for Economics - Class XI - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Statistics for Economics - Class XI.
Information about Calculation of Range
Here you can find the meaning of Calculation of Range defined & explained in the simplest way possible.
Besides explaining types of Calculation of Range theory, EduRev gives you an ample number of questions to practice Calculation of Range tests,
examples and also practice Commerce tests.
|
51 videos|41 docs|12 tests
|
Video Timeline
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
mock tests for examination
,Viva Questions
,study material
,Free
,video lectures
,Summary
,Calculation of Range Video Lecture | Statistics for Economics - Class XI - Commerce
,ppt
,Exam
,Extra Questions
,Previous Year Questions with Solutions
,Important questions
,Sample Paper
,Semester Notes
,past year papers
,Objective type Questions
,practice quizzes
,shortcuts and tricks
,Calculation of Range Video Lecture | Statistics for Economics - Class XI - Commerce
,Calculation of Range Video Lecture | Statistics for Economics - Class XI - Commerce
,MCQs
;
Study Calculation of Range on the App
Students of Commerce can study Calculation of Range alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Calculation of Range,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Calculation of Range is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup