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The midrange of a distribution is defined as the average

Chapter , Problem 1.62

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QUESTION:

The midrange of a distribution is defined as the average of the maximum and the minimum of that distribution. Is this statistic robust to outliers and extreme skew? Explain your reasoning

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QUESTION:

The midrange of a distribution is defined as the average of the maximum and the minimum of that distribution. Is this statistic robust to outliers and extreme skew? Explain your reasoning

ANSWER:

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Given,

It’s said that the midrange of a distribution is defined as the average of the maximum and the minimum of that distribution.

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