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Calculating Mins, Mids, and Maxes
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March 10, 2008
Calculation of Minimums, Midpoints, and Maximums
Given either a minimum, midpoint or maximum, and a range spread (RS), the two remaining figures may be calculated by producing a factor from the formulas in the following table and multiplying by the known quantity.
| To find: | Minimum | Midpoint | Maximum |
If known figure is: |
Minimum | ((2+RS)/2) | (1+RS) |
| Midpoint | (2/(2+RS)) | ((2+(2RS))/(2+RS)) | |
| Maximum | (1/(1+RS)) | ((2+RS)/((2+(2RS)))) | |
For example: If a given maximum salary is $1,500 and the desired range spread is 40%, then the midpoint salary may be found by selecting the appropriate factor formula from the table, then inserting the range spread (RS) of 40%, and multiplying by the salary of $1,500:
((2+.40)/((2+(2x.40))))x$1,500, or
(2.4/2.8)x$1,500 = $1,286
