Web Reference: The mid-range is closely related to the range, a measure of statistical dispersion defined as the difference between maximum and minimum values. The two measures are complementary in sense that if one knows the mid-range and the range, one can find the sample maximum and minimum values. The midrange is the mean of the lowest and highest numbers to appear in a range of values. To determine the midrange value in a given data set, simply add the smallest and greatest values together and divide the result by two. The mid-range is a type of mean, while the interquartile range is talking about a chunk of data in the middle of a data set. For example, when the weather service reports that a “ mean daily temperature” is 77 degrees, they are talking about the mid-range.
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