Range
Definition
The range is the difference between the largest and smallest values in a data set.
Analogy
Imagine you have a video game where you need to jump over obstacles. The range would be like measuring how far apart are the highest and lowest obstacles you encounter during gameplay.
Related terms
Interquartile Range (IQR): IQR measures how spread out the middle 50% of data values are.
Variance: Variance measures how much each value in a data set deviates from its mean.
Percentile: A percentile tells you what percentage of data falls below a certain value.
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