About Midrange Calculator (Formula)
A midrange calculator is a tool used to calculate the midrange of a set of numbers. The midrange is a measure of central tendency that is calculated by taking the average of the highest and lowest values in a dataset. The formula for calculating the midrange is:
Midrange = (Maximum + Minimum) / 2
- Maximum is the highest value in the dataset
- Minimum is the lowest value in the dataset
The midrange is a useful measure of central tendency in cases where the data has outliers or extreme values, as it is not affected by them. It is not affected by the skewness of the data, unlike the mean. This makes it a useful measure of central tendency when the data is skewed.
Midrange calculators are commonly used in statistics and research to quickly and easily calculate the midrange of a dataset. They can be found in spreadsheet software or as online calculators and can be used to calculate the midrange for a given set of numbers.