Finite Math Examples

$74$ , $77$

Step 1

The mid-range or mid-extreme of a set of statistical data values is the average of the maximum and minimum values.

$Mid-Range = \frac{Maximum + Minimum}{2}$

Step 2

Substitute the values of maximum $77$ and minimum $74$ into the equation.

$Mid-Range = \frac{77 + 74}{2}$

Step 3

Add $77$ and $74$ .

$Mid-Range = \frac{151}{2}$

Step 4

Convert $\frac{151}{2}$ to decimal.

$Mid-Range = 75.5$