What is the Range?
In Statistics, the range is referred as the difference between the maximum and the minimum value present in the datasets. By finding the range you can sense your datasets in such a way that how much your values of datasets differ from each other. Let’s take an example if we have the dataset n = (2,4,5,3,9) then the range of the dataset will be the difference between the maximum value and the minimum value i.e. the range of dataset n will be 9-5 = 4. That’s how the range is calculated in the statistics.
How to Find Range in Microsoft Excel
Understanding the range of a dataset is key to grasping data spread and is essential for interpreting and making data-driven decisions. Excel offers various methods to calculate ranges, enhancing your data analysis skills. This article explains the concept of range in statistics, explores Excel functions for calculating it, and demonstrates practical applications with real-world examples.
Table of Content
- What is the Range?
- Excel Functions Related to a Range
- How to Calculate Range in MS Excel
- How to Find Range in Microsoft Excel Using MAX and MIN
How to Calculate Range using the SMALL and LARGE Functions- How to Calculate Range using the conditional MIN and MAX formulas
- Conclusion
- How to Calculate Range in Microsoft Excel – FAQs