Fundamentals of Mathematical Statistics (BCA) 1st Sem Previous Year Solved Question Paper 2022

Practice Mode:
19.

Write merits and demerits of range.

Explanation

 Merits of Range:
    1. Simplicity: The range is a straightforward and easy-to-calculate measure of dispersion. It provides a quick and initial sense of the spread in the data.
    2. Ease of Interpretation: The range is in the same units as the data, making it easy to interpret and relate to the data values. 

 Demerits of Range:
1 . Sensitivity to Extreme Values: The range is highly sensitive to extreme values or outliers, which can distort its representation of data variability.

2. Limited Information: The range only considers the difference between the maximum and minimum values and doesn't take into account the entire dataset. It can overlook the distribution of values within the range.