In descriptive statistics, the range formula is calculated as the difference between the highest value and the lowest value in a given dataset. The formula is expressed simply as Range equals Maximum Value minus Minimum Value, or R equals H minus L. This calculation provides a very basic and quick measure of statistical dispersion or spread, showing how far apart the extreme values are distributed within the sample. However, it only considers the two extreme data points and completely ignores all intermediate values, making it highly sensitive to outliers.
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