Question

Find the coefficient of range of the following data relating to prices of shares of “PQR”

company during a week.

Rs. 22.75, 23.10, 23.50, 29.25, 24.50

Answer 1

$$22.75, 23.10, 23.50, 24.50, 29.25$$

$$\text{coefficient of range}=\dfrac{29.25-22.75}{29.25+22.75}$$

$$=\dfrac{6.5}{52}=0.125$$