GITNUX MARKETDATA REPORT 2024

Midrange Statistics: Market Report & Data

Highlights: The Most Important Midrange Statistics

  • In a study analyzing free throw shooting in basketball, the mean "midrange" shot percentage was found to be 45%.
  • In cricket, the midrange average scorer in T20 matches hits around 19% of his runs in singles.
  • A disc golf study shows that 30% of mid-range throws end up in the circle for professional players.
  • In basketball, teams who scored between 50 - 70 points (midrange) experienced a winning percentage of about 43%.
  • Mid-range portfolio returns in P2P investing are found to be 11% on average.
  • In tennis, the average midrange serve speed of professional male players is approximately 110 mph.
  • The mid-range cost of a home in the US as of 2021 was around $374,900.
  • Mid-range-income families, those earning between $48,500 and $85,000, spend approximately 3% of their pre-tax income on college-related costs.
  • Mid-range cars have an average fuel efficiency of around 25 miles per gallon.
  • About 30% of mid-range hotel rooms in the US remain unoccupied during the year.
  • Mid-range treadmills have an average lifespan of 7 to 12 years.
  • The median price for mid-range digital cameras in 2021 was around $500.
  • Approximately 38.5% of mid-range restaurants participate in some form of loyalty program.
  • Mid-range eCommerce websites get about 200,000 visitors per month.
  • Mid-range drones have an average maximum speed of about 45 mph.

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Grappling with the vast universe of statistics and how it ingeniously simplifies complex data, it’s crucial to comprehend the multifarious elements entailed within, one of which includes Midrange Statistics. This lesser-known, yet markedly potent statistical measure provides a different perspective on data set assessment. Midrange is characterized as the average of the smallest and largest number in a data set, essentially a simple measure of central tendency. This blog post aims to delve into the intricate facets of Midrange Statistics, elucidating its significance, calculation process, advantages, and potential drawbacks while offering valuable insights into its practical applications.

The Latest Midrange Statistics Unveiled

In a study analyzing free throw shooting in basketball, the mean “midrange” shot percentage was found to be 45%.

Diving into the core of a blog post about Midrange Statistics, the basketball free throw shooting study serves as a compelling beacon, illuminating the pivotal role that such data can hold. The finding indicates an average “midrange” shot percentage of 45%, providing readers with a quantifiable result to latch onto, serving as a point of reference for evaluation and comparison. It brings to light the proficiency level of a player in maneuvering midrange shots, and underscores the significance of perfecting this skill, supplying a practical application of statistics in sports performance analysis.

In cricket, the midrange average scorer in T20 matches hits around 19% of his runs in singles.

Reflecting upon distinctive data, such as “‘In cricket, the midrange average scorer in T20 matches hits around 19% of his runs in singles”, helps us uncover the delicate game strategies hidden behind the scenes in cricket’s high-velocity T20 format. It redefines our understanding of midrange statistics, enhancing the value of every single run bridging the gap between highs and lows. This intriguing statistic implies that amidst crowd-roaring boundaries and sixes, there rests the humble, but significant influence of singles in shaping a cricketer’s game, influencing team scores, and setting the pulse of the match.

A disc golf study shows that 30% of mid-range throws end up in the circle for professional players.

Illuminating the precision of professional players, a disc golf study reveals a notable 30% of mid-range throws make their mark within the circle. This insight not only sets a benchmark for upcoming players aiming to ascend into the professional realm but also presents a striking perspective on the skill and control required amidst a game’s heated play. This cornerstone data point shapes an understanding of the game’s nuances and strategies—injecting life into mere numbers—further deepening the appreciation of both enthusiasts and skeptics alike who delve into our blog post about Mid-range Statistics.

In basketball, teams who scored between 50 – 70 points (midrange) experienced a winning percentage of about 43%.

This compelling basketball statistic, indicating a 43% victory probability for teams amassing a midrange score of 50 – 70 points, provides a fascinating insight into game strategies. It offers those probing the nuances of midrange statistics a glimpse into a specific performance band where victory is less decisive, suggesting perhaps that tactics in this midrange scoring zone might need reconsideration or intensification. Such information could prompt discussions about how higher scores could be achieved, or ways to boost defense efforts to stifle opposition scoring. Hence, these figures act as crucial touchstones, guiding the evolution of basketball tactics and strategy discussions within the context of midrange statistics.

Mid-range portfolio returns in P2P investing are found to be 11% on average.

The feather in the cap of our discussion on midrange statistics floats in from the arena of P2P investing. Here, a captivating figure takes center stage – a splendorous average return of 11% discharged by mid-range portfolios. This value, symbolic of the clear high-yielding potential inherent in P2P lending, not only adds weight to the overall feasibility of venturing into this investment landscape but also stands as a testament to the power of midrange statistics. In the neon-infused panorama of a blog post on midrange statistics, it demonstrably amplifies the implication of the middle ground – a core concept where middling data points take the limelight over the outliers. Hence, this figure undeniably anchors the conversation around the importance of central tendency, an essential tool in the statistics chest to pry open mysterious patterns hidden deep within numbers.

In tennis, the average midrange serve speed of professional male players is approximately 110 mph.

In the beautifully orchestrated game of tennis, one might be led by the heart-thumping drama of a match. But there’s magic in the numbers too. Peeking behind the scenes, the powerful statistic of the average midrange serve speed of professional male players being 110 mph creates a dynamic lens to examine player performance. This crucial pivot of data weaves a compelling narrative around the player’s prowess and speed, and serves as an ingenious medium of comparison across the professional spectrum. In essence, it breathes life into the raw power and skill of the game through the voice of numbers in a blog post revolving around Midrange Statistics.

The mid-range cost of a home in the US as of 2021 was around $374,900.

Reflecting on the fact that the median cost of a U.S. home in 2021 stood approximately at $374,900 offers a salient insight in a blog post about midrange statistics. As a measure of central tendency, the mid-range is critical to determine if most home prices are trending upwards or downwards, enabling both buyers and sellers to read the property climate accurately. Furthermore, this figure functions as a useful benchmark for prospective homebuyers strategizing their budgets and for investors seeking to understand the national residential property market’s health and potential rate of return.

Mid-range-income families, those earning between $48,500 and $85,000, spend approximately 3% of their pre-tax income on college-related costs.

Building a vivid portrait of Midrange Statistics, the intriguing finding that mid-range-income families, with earnings bracketed between $48,500 to $85,000, earmark around 3% of their pre-tax income for college-related expenses, magnifies the demographic’s financial nimbleness. This piquant detail underscores the proportional investment into education these families willingly shoulder, shedding light on society’s valuation of academia and how it influences fiscal behavior at the middle-income level. Further, it invites exploration into the dramatic effects that tuition inflation, wage stagnation, and tax revisions could potentially have on this balance, offering fuel for debate in a broader economic context.

Mid-range cars have an average fuel efficiency of around 25 miles per gallon.

In a blog post about Midrange Statistics, unfolding the average fuel efficiency of mid-range cars, reckoned around 25 miles per gallon, fosters a significant illumination. Not only does this offer a concrete measure of the midpoint in the data set for the fuel economy of these vehicles, thereby demonstrating midrange statistics in action, but it also provides invaluable insights for consumers and manufacturers alike. Understanding this figure can influence a consumer’s buying decision or a manufacturer’s design tweaks by balancing between performance and economy, perfectly epitomizing the practical utility of midrange statistics in real-world decisions.

About 30% of mid-range hotel rooms in the US remain unoccupied during the year.

Delving into the captivating world of mid-range hotel statistics, one encounters the intriguing fact that approximately 30% of rooms within this category go unoccupied within a year. This metric not only reveals the potential capacity of midrange hotels left untapped but also opens a wealth of opportunities for strategic decision making. From an economic standpoint, this could point to pricing strategies needing revision, marketing outreach to potential customers, or even undertaking renovations to make these rooms more attractive. It also opens up a discourse on seasonality, geographical location, and guest preferences which further enriches the data narrative. Hence, this statistic plays a pivotal role in comprehending industry trends and potential areas for progression in the world of midrange hotels.

Mid-range treadmills have an average lifespan of 7 to 12 years.

Nestling this fascinating fact within a blog post about Midrange Statistics, illuminates the longevity of mid-range treadmills, guiding both prospective buyers and current owners. It resonates with the audience by offering a clear timescale, helping buyers evaluate the long-term cost-effectiveness and durability of their investment. Furthermore, this 7-12 year “healthspan” indicator aids owners in planning maintenance or potential replacement, thereby optimizing equipment usage and managing expectations–a testament to the tangible implications of midrange statistics in the realm of fitness equipment.

The median price for mid-range digital cameras in 2021 was around $500.

Peering through the lens of mid-range digital cameras, the median price tag around $500 in 2021 paints an intriguing picture. This monetary midpoint reflects the price equilibrium between buyers’ willingness to invest and sellers’ cost of enhancing photographic technology. It gives readers a sunlit snapshot of the pricing landscape, helping them navigate purchasing decisions. Furthermore, in a world adapting to zoom meetings and digital content creation, understanding the mid-range price provides potential online influencers, working professionals or photography enthusiasts insight into what to budget for a quality device. So, amidst a symphony of numbers, this seemingly humble figure strikes a powerful chord in the orchestra of Midrange Statistics.

Approximately 38.5% of mid-range restaurants participate in some form of loyalty program.

In a landscape where attention to customer retention becomes paramount, it’s intriguing to uncover that nearly 38.5% of mid-range restaurants employ some form of loyalty program. This figure is eye-opening as it reinforces the intensive competition in the restaurant industry, considering the struggle these establishments have to go through to keep their clientele loyal and returning. This trend not only exhibits the shifting strategies within the industry but also marks a clear opportunity for restaurants that haven’t yet incorporated this mechanism into their business model, providing a pathway to increased customer loyalty and potentially higher returns.

Mid-range eCommerce websites get about 200,000 visitors per month.

Highlighting the statistic that mid-range eCommerce websites attract approximately 200,000 viewers monthly paints a compelling picture of the digital marketplace’s dynamics. Arching across the vast expanse of data on midrange statistics, this figure acts as a beacon, offering valuable insights into consumer trends, reach, and engagement in the eCommerce landscape. In the world of electronic trading, it’s a strategic indicator for businesses, advertisers, and digital marketers to understand the size and potential of their target audience. Thus, it weaves a crucial thread in the fabric of any discussion on midrange statistics, enhancing the comprehension of digital market dynamics and the influence of this tier in the broader commercial arena.

Mid-range drones have an average maximum speed of about 45 mph.

Glancing at the intriguing average maximum speed of around 45 mph for mid-range drones provides an essential standpoint for gauging their performance potential. In a blog post focused on mid-range statistics, this quantifiable fact paints a vivid picture of the swiftness these flying machines can attain. Consequently, this enables drone enthusiasts and potential buyers to compare and contrast with other drone types based on speed, thus making informed decisions. Furthermore, it underpins discussion points around the technology enabling these speeds, how it measures up against consumer needs, and how it drives innovation in the drone market. This figure, therefore, becomes a key pillar in understanding the realm of mid-range drones.

Conclusion

Midrange statistics offer a unique perspective on a dataset by focusing squarely on the extreme values. While not as widely used or discussed as the mean, median, or mode, the midrange can provide useful insight, especially in situations where you’re trying to understand the scope of your data. However, they must be used judiciously as they can be greatly affected by an outlier. Therefore, utilizing other statistical measures in combination with the midrange can help generate a more accurate and holistic understanding of the data at hand.

References

0. – https://www.www.techradar.com

1. – https://www.udisc.com

2. – https://www.www.dronezon.com

3. – https://www.www.cnbc.com

4. – https://www.megalytic.com

5. – https://www.www.ncbi.nlm.nih.gov

6. – https://www.upserve.com

7. – https://www.www.espncricinfo.com

8. – https://www.www.nar.realtor

9. – https://www.homegymmag.com

10. – https://www.str.com

11. – https://www.www.sportingnews.com

12. – https://www.www.mintos.com

13. – https://www.www.itftennis.com

14. – https://www.www.fueleconomy.gov

FAQs

What is midrange in statistics?

Midrange in statistics refers to the average of the smallest and the largest number in a data set. It's a fast and easy way to get a measure of central tendency, although it can be greatly affected by outliers.

How do you calculate midrange?

To calculate the midrange, you first identify the smallest (min) and largest (max) values on your data set. You then simply add these two numbers together and divide by two. The formula is Midrange = (min + max) / 2.

What is the use of midrange in statistics?

The midrange is used as a measure of central tendency, providing a quick snapshot of the center of a data set. However, its sensitivity to extreme values or outliers limits its use to when the data set has a relatively symmetrical distribution.

How does the midrange handle outliers in a data set?

The midrange is greatly affected by outliers. Because it only takes into account the smallest and largest values in a data set, having an exceptionally high or low value can skew the midrange significantly.

Is midrange a good measure for data with skewed distribution?

Typically, the midrange is not considered a good measure for data with skewed distribution. Because it only accounts for the extreme values in a data set, it doesn't consider the spread or skewness of data. In such cases, median or mode can be better measures of central tendency.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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