Coefficient of Range
$$\text{Coefficient of Range}=\frac{\text{Maximum}-\text{Minimum}}{\text{Maximum}+\text{Minimum}}$$
Usage
- Used to compare relative dispersion using the extreme observations.
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Coefficient of Range
Coefficient of Range
$$\text{Coefficient of Range}=\frac{\text{Maximum}-\text{Minimum}}{\text{Maximum}+\text{Minimum}}$$
Usage
- Used to compare relative dispersion using the extreme observations.
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