Definition: The Midrange Calculator computes the midrange, the average of the maximum and minimum values of a dataset, as a measure of central tendency.
Purpose: This tool is used in statistics to provide a simple estimate of the dataset’s center, often in exploratory data analysis.
The calculator uses the following formula:
\( \text{midrange} = \frac{\text{maximum value} + \text{minimum value}}{2} \)
Steps:
The midrange is essential for:
Example: Calculate the midrange for the dataset: [5, 45, 789, 0.5, 0.0000005, 0, 25, 1, 12456].
Q: What is the midrange?
A: The midrange is the average of the highest and lowest values in a dataset, serving as a simple central tendency measure.
Q: Why is at least 1 number required?
A: A single number allows computation of a midrange (equal to itself), though meaningful analysis typically requires more.
Q: How is midrange affected by outliers?
A: Midrange is highly sensitive to outliers, as it depends only on the minimum and maximum values.