is range is time saving >?
Dear Student
Range is the most common measure of dispersion . It is the most simple one . Only finding the difference between highest and lowest value in a data set we can find the range . In that sense it is indeed time saving . But when outliers are present in the data we need inter quartile range .
Regards .
Range is the most common measure of dispersion . It is the most simple one . Only finding the difference between highest and lowest value in a data set we can find the range . In that sense it is indeed time saving . But when outliers are present in the data we need inter quartile range .
Regards .