Give the uses of range. - Vidyadip

Question

Give the uses of range.

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Answer

Uses of range are as follows:

It is used in the study of fluctuations in the stock market and rate of exchange.
It is used in the industries for statistical quality control of the manufactured product.
It is used by meteorological department for weather forecasts while announcing minimum and maximum temperature recorded in a place.
It is the most widely used measure of variability in day-to-day life.

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