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CCP303
CCP303
ANDHRA PRADESH
Name : Dr.G.R.Jyothi
Designation : Lecturer
Branch : DCCP
Institute : SGM Government Polytechnic, Abdullapurmet
Yr/Sem : II / 3
Sub. Name : QUANTITATIVE TECHNIQUES – I
Sub. Code : CCP-303
Major Topic : Dispersion, Range & Co-Efficient Of
Range
Duration : 50 Minutes
Sub. Topic : Range & Coefficient of Range for
Different types of data
Teaching Aids : PPTs
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Objectives
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Recap
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Introduction
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Definition of Range
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Formula – Calculating Range
Range = L – S
‘ L ‘ = Value of Largest item
‘ S ‘ = Value of Smallest item
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Formula – Calculating Coefficient of
Range
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What if
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Two Methods
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First Method
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Second Method
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Individual Series:
Example 1:
120, 170, 240, 100, 105, 205, 300, 160, 150, 180
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Solution to Ex. 1
Range = L – S
L = Largest Value = 300
S = Smallest Value = 100
Range = 300 – 100 = 200
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Solution Contd
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Continuous Series
Example 2:
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Solution to Ex.2
Range = L – S
= 70 – 0 = 70
L–S 70 - 0
Coefficient of Range = ---------- = -----------
L+S 70 + 0
=1
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Example 3:
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Solution to Ex.3 :
Range = L-S
= Largest item – Smallest item
= 90 – 10 = 80
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Range – Merits:
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Range – Demerits:
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Uses of Range
1. Quality Control
2. Share price fluctuations
3. Weather forecasts
4. Most common aspects in daily life, like:
How much salary?
What are total sales?
How many oranges you get to a plant?
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Summary
Smallest item
Range = L – S
L–S
Coefficient of Range =
----------
L+S
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Quiz
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Quiz
2. Formula of finding Range?
a) L – S
b) L + S
c) (L + S)2
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Quiz
3. Formula of finding Coefficient of Range?
a) L – S/ L + S
b) (L – S) x (L + S)
c) L + S / L – S
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Assignment
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Frequently Asked Questions
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Frequently Asked Questions
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Frequently Asked Questions
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Assignment
1. Given are wages of 10 workers of a factory. Find range
of variation and its coefficient.
275, 225, 370, 240, 120, 290, 410, 500, 180, 340.
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Assignment
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