Question 3.96

96. Midrange. Another measure of center is the midrange.

Because the midrange is based on the maximum and minimum values in the data set, it is not a robust statistic, but it is sensitive to extreme values. Calculate the midrange for the following data:

  1. The price data from Table 9 on page 123.
  2. The car model year data from Figure 9 on page 124.