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CFA Level 1
Quantitative Methods

Calculating the Range of Exam Scores

Very Easy Statistical Concepts And Returns Measures Of Dispersion

In statistics, measures of dispersion are used to describe the spread or variability of a set of data points. The range is one of the simplest measures of dispersion, defined as the difference between the largest and smallest value in a data set.

Consider the following data set containing the final exam scores of 5 students: 78, 85, 91, 67, and 88. What is the range of this data set?

Hint

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