DefinitionA data set with the lowest value of 70 and the highest value of 98 has a range of 98 - 70 = 28. Standard dev. is the way to measure the dispersion or the spread of a set of values around the mean. Eg : For a data set of the type {2,4,6,8,10}, the range= 10−2 = 8 and the standard deviation will be approximately 2.83