Coefficient Of Range Calculator

Formula

The formula to calculate the Coefficient Of Range is:

\[ COR = \frac{L - S}{L + S} \]

Where:

\( COR \) is the Coefficient Of Range
\( L \) is the largest item in the set
\( S \) is the smallest item in the set

What is the Coefficient Of Range?

The Coefficient Of Range is a measure of the relative dispersion of a data set. It is calculated by dividing the difference between the largest and smallest items in the set by the sum of those items. This metric is useful in various fields such as statistics, economics, and engineering to understand the spread of data points.

Example Calculation

Let's assume the following values:

Largest Item (L): 50
Smallest Item (S): 10

Step 1: Calculate the Coefficient Of Range:

\[ COR = \frac{50 - 10}{50 + 10} = \frac{40}{60} = 0.6667 \]