The midrange is a type of average, or mean. Electronic gadgets are sometimes classified as “midrange”, meaning they're in the middle-price bracket. The formula to find the midrange = (high + low) / 2.

How do you find the midrange?

It is also useful to know what number is mid-way between the least value and the greatest value of the data set. This number is called the midrange. To find the midrange, add together the least and greatest values and divide by two, or in other words, find the mean of the least and greatest values.

What is midrange in statistics?

About Transcript. The range is the difference between the largest and smallest numbers. The midrange is the average of the largest and smallest number.