How to find geometric mean in excel

This guide will explain how to calculate the midrange of a population in Excel.

The midrange is a measure of central tendency often used as an estimator for the center of a uniform distribution.

The midrange, also known as mid-extreme, is the arithmetic mean of the minimum and maximum values in a given data set.

We can compute the midrange M of a given range x through the following formula:

The midrange belongs to a group of metrics known as measures of central tendency.

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Other measures that belong to the same group are the mean, median, and mode.

Compared to these other measures, the midrange is unique because it only considers the maximum and minimum values. This property makes the midrange highly sensitive to outliers.

The midrange is most effective when used for small sample sizes of less than 20.

Let’s take a look at a simple example of a use case for the midrange.

Suppose you have a company of 20 employees. You want to know whether each employee is satisfied with their current job description and respo

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