In statistics and data analysis, the range tells you how spread out or dispersed a set of numerical values is from the lowest point to the highest point. A very small range indicates that all the data points are clustered closely together around a similar value, showing high consistency. Conversely, a large range reveals that the data points are widely scattered across a broad spectrum, highlighting high variability, inconsistency, or the potential presence of extreme outliers within your dataset.
1 votes
Marked as accepted