I was trying to find the range of a function I obtained in some context. The code is as follows
FunctionRange[{1/2 (1 - Sqrt[-1 + 4 Abs[x]] Sqrt[-1 + 4 Abs[z]]), 0 < Abs[x] < 1/4 && 0 < Abs[z] < 1/4}, {Abs[x], Abs[z]}, y]
The above code when executed gives False. What is the meaning of false and how to find the range of function in this case?