What is the difference between the maximum and minimum values in a data set called?

The difference between the maximum and minimum values in a data set is called the range. This is a fundamental concept in statistics that provides a measure of how spread out the values in a data set are. To find the range, you simply subtract the minimum value from the maximum value.

For instance, if you have a data set consisting of the numbers 3, 7, 10, and 15, the maximum value is 15, and the minimum value is 3. The range would be calculated as 15 - 3 = 12, indicating that there is a span of 12 units between the largest and smallest values.

Understanding range is helpful in assessing the variability within a data set, and it provides a quick sense of the extent of the data's distribution.

The other terms mentioned refer to different statistical measures. Variance measures how much the data points differ from the mean and provides insight into the data's distribution. Standard deviation is the square root of variance and gives a measure of spread in the same units as the data. The mean is the average of the data set and does not indicate the spread or variability among the values. Thus, when focusing solely on the difference between the maximum and minimum values, range