The difference between the highest and lowest in a set of data is

Assessment: WAEC SSCE - Economics - 2001 (Objective) Subject: Economics

Question 1 Report

The difference between the highest and lowest in a set of data is
Answer Details
The difference between the highest and lowest values in a set of data is called the range. In other words, it is the distance between the largest and smallest values in the data set. It is a measure of dispersion or spread of the data. For example, if a data set contains the numbers 2, 4, 6, 8, and 10, the range would be 10 minus 2, which equals 8. Therefore, the range of this data set is 8.
Read lesson note on Methods And Tools Of Economic Analysis (JAMB)
Read lesson note on Economic Systems (JAMB)
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