Which term is used to describe the difference between the highest and lowest values in a dataset?

The term that describes the difference between the highest and lowest values in a dataset is known as the range. To find the range, you subtract the lowest value from the highest value in the dataset. This simple calculation provides insight into the spread or dispersion of the data, allowing you to understand how varied the values are within a given set.

The mean calculates the average of all values, while median represents the middle value when the data is organized in order. Mode indicates the most frequently occurring value in the dataset. Each of these terms serves different purposes in data analysis, which is why the range specifically addresses the spread of values between the extremes.