New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What is the difference between the highest and lowest

    value is called?
    A Dispersion Correct Answer Incorrect Answer
    B Range Correct Answer Incorrect Answer
    C Difference Correct Answer Incorrect Answer
    D Central value Correct Answer Incorrect Answer

    Solution

    is the simplest possible measure of dispersion and is defined as the difference between the largest and smallest values of the variable. In certain types of problems like quality control, weather forecasts, share price analysis, etc., the range is most widely used. Range = L -S. Where, L = biggest value, S = Smallest value

    Practice Next

    Relevant for Exams: