In the context of statistical analysis, what does "midrange" refer to?

Midrange is defined as the average of the highest and lowest values in a data set. It provides a simple measure of central tendency that is particularly easy to calculate. To find the midrange, you take the maximum value in the data set, add it to the minimum value, and then divide by two. This measure captures the central point of a data set by considering only its extreme values, making it a quick way to get an idea of where the data lies overall.

The other choices reflect different statistical concepts: the average of all data points refers to the mean, the difference between the highest and lowest values defines the range, and the most frequently occurring value is known as the mode. Each of these concepts serves a different purpose in statistical analysis, illustrating the diversity of methods for understanding data.