The midrange of a dataset is a measure of central tendency that is calculated by adding the minimum and maximum values in the dataset and dividing the sum by 2. It is a simple and intuitive measure of central tendency that is easy to calculate and interpret, but it is also a less robust measure of central tendency than the mean or median. This is because the midrange can be easily skewed by outliers, which are extreme values that are significantly different from the rest of the data. As a result, the midrange is not a reliable measure of central tendency when there are outliers in the dataset.
However, the midrange can be a useful measure of central tendency when there are no outliers in the dataset. It is also a relatively simple measure to calculate, making it a good choice for quick and easy analysis of data.