The range is used to

Assessment: JAMB UTME - Economics - 2007 Subject: Economics

Question 1 Report

The range is used to
Answer Details
The range is used to determine the spread of a set of data. It is a statistical measure that represents the difference between the largest and smallest value in a dataset. By calculating the range, one can get an idea about how widely dispersed the data is. A larger range indicates a greater spread of data, while a smaller range indicates a more narrow distribution. Thus, the range is a useful tool in summarizing and analyzing data, and it helps in making decisions based on the variability of the dataset.
Read lesson note on Methods And Tools Of Economic Analysis (JAMB)
Read lesson note on Basic Tools Of Economic Analysis (WAEC)
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