(48G) Statistics: Midrange & Estimator of Standard Deviation

05312017, 09:35 AM
(This post was last modified: 06152017 01:47 PM by Gene.)
Post: #1




(48G) Statistics: Midrange & Estimator of Standard Deviation
A lazy way to find the average of a set of data is to take half of the sum of max & min values, which is in fact the correct method to find the middle of the range of values.
The programme below finds the midrange value, MR, for a list of values. An easy way to quickly calculate a reasonable approximation to the standard deviation of the values is to divide MR by 4. Code:


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