Finding the Mid-Range (Mid-Extreme)

In statistical analysis, the Mid-Range or Mid-Extreme is essentially the mean of the maximum and minimum values in a dataset. It serves as a method of measuring both the central tendency and dispersion of data. To compute it, sum up the highest and lowest values and then divide by two. However, it's worth noting that this measure is susceptible to outliers, therefore, it should be used judiciously.