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In descriptive statistics, the range of a set of data is size of the narrowest interval which contains all the data. It is calculated as the difference between the largest and smallest values (also known as the sample maximum and minimum). [1] It is expressed in the same units as the data. The range provides an indication of statistical ...
The sample maximum and minimum are the least robust statistics: they are maximally sensitive to outliers.. This can either be an advantage or a drawback: if extreme values are real (not measurement errors), and of real consequence, as in applications of extreme value theory such as building dikes or financial loss, then outliers (as reflected in sample extrema) are important.
The definition of global minimum point also proceeds similarly. If the domain X is a metric space , then f is said to have a local (or relative ) maximum point at the point x ∗ , if there exists some ε > 0 such that f ( x ∗ ) ≥ f ( x ) for all x in X within distance ε of x ∗ .
Microsoft Excel is a spreadsheet editor developed by Microsoft for Windows, macOS, Android, iOS and iPadOS.It features calculation or computation capabilities, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications (VBA).
Range stands for the range sought, sill for the plateau value reached at maximum range, nugget for the nugget effect. For example, in gold mining , a variogram will give a measure of how much two samples taken from the mining area will vary in gold percentage depending on the distance between those samples.
The standard definition of a reference range for a particular measurement is defined as the interval between which 95% of values of a reference population fall into, in such a way that 2.5% of the time a value will be less than the lower limit of this interval, and 2.5% of the time it will be larger than the upper limit of this interval, whatever the distribution of these values.
The range of a variable is given as the set of possible values that that variable can hold. In the case of an integer, the variable definition is restricted to whole numbers only, and the range will cover every number within its range (including the maximum and minimum).
Excel's storage of numbers in binary format also affects its accuracy. [3] To illustrate, the lower figure tabulates the simple addition 1 + x − 1 for several values of x. All the values of x begin at the 15 th decimal, so Excel must take them into account. Before calculating the sum 1 + x, Excel first approximates x as a binary number