The difference between the maximum and minimum values is called________.

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Bihar STET TGT (Social Science) Official Paper-I (Held On: 18 Sept, 2023 Shift 6)
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  1. Mode
  2. Range
  3. Quadrant
  4. Mean

Answer (Detailed Solution Below)

Option 2 : Range
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In statistics, various measures are used to describe the dispersion or spread of a dataset. One such measure is the difference between the maximum and minimum values. Understanding this concept is crucial for assessing the variability within a dataset and gaining insights into the range of values it encompasses.

Key Points

  • Range is defined as the difference between the maximum and minimum values in a dataset.
  • It quantifies the extent of variability within the data, giving a straightforward measure of how widely dispersed the values are.
  • Mathematically, it is calculated as follows:
    • Range = Maximum Value−Minimum Value

Additional Information

  • Mode: The mode is the value that appears most frequently in a dataset. It represents the peak or most common observation but does not provide information about the spread of values or the range.
  • Quadrant: The term "quadrant" is not related to the difference between the maximum and minimum values in a dataset. Quadrants are divisions of a coordinate plane into four sections.
  • Mean: The mean is the average of a set of values and does not directly capture the spread between the maximum and minimum values. While it provides a measure of central tendency, it does not convey information about the range or dispersion of the data.

In conclusion, when referring to the difference between the maximum and minimum values in a dataset, the appropriate term is "Range."

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