What is range rule of thumb - Definition and Meaning

Range Rule Of Thumb :

Data in the range is estimated to be four times that of the standard deviation.


Formula :

R = max - min S.D ≈ R / 4 R = Range S.D = Standard Deviation

Example :

set = {2,5,7,9,3,7,6,10,3} max = 10 min = 2 R = 10 - 2 = 8 S.D ≈ R/4 = 8/4 = 2 S.D ≈ 2

Related Calculator :


Rotation Relative Standard Deviation

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