Measures of Central tendency: MID-RANGE for Ungrouped data [MID-EXTREME]
In Statistics, the mid-range is often used in data analysis to refer to a statistical measure of central tendency. It is calculated by taking the average of the maximum and minimum values in a dataset. In other words, it represents the midpoint between the highest and lowest values.
It's important to note that the mid-range is a relatively simple measure of central tendency and is not as commonly used as other measures like the mean or median. While it can provide a rough estimate of the center of the dataset, it does not capture the overall distribution or account for the variability in the data.
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