A Midrange Calculator is a tool used to find the midpoint or average of the highest and lowest values in a data set. It helps provide a measure of the central tendency of the data.
The formula for calculating the midrange is: Midrange = (Highest Value + Lowest Value) / 2.
For example, if we have a data set with the highest value of 80 and the lowest value of 20, the midrange would be: Midrange = (80 + 20) / 2 = 100 / 2 = 50.
Therefore, the midrange of this data set would be 50, indicating the average value between the highest and lowest values. The midrange is a simple measure that gives a quick understanding of the data’s spread.