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The midrange of a distribution is defined as the average
Chapter , Problem 1.62(choose chapter or problem)
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
Questions & Answers
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:
Step 1 of 2
Given,
It’s said that the midrange of a distribution is defined as the average of the maximum and the minimum of that distribution.