Bro, I agree that it is not a fair comparison. From technical point of view, Your statements are absolutely correct.That's not a fair comparison. Infact that's not even a comparison. The info provided by @Rajat Basak bro is absolutely correct.
The 2.4ghz band provides better range but transmits data at slower speed. The 5ghz band provides high speed data transmission but with restricted coverage.
But we need to also consider the interferences from other sources. Vast majority of wifi enabled devices and many household gadgets like cordless phones, bluetooth devices, car sensors, microwave ovens, game consoles etc. etc. all use the 2.4ghz radio frequency band. That's the primary reason 5ghz band came into existence - to operate on a band which will be free from interference.
So, the range and speed of 2.4ghz will be very much affected if you have any device which operates in same band and will interfere with it.
But from customer perspective, The mind first compares before and after situations. Before I had Airtel 5ghz router and now Jio 2.4ghz router. Jio router has poor coverage than Airtel's 5ghz router. Speeds remain almost same. Now I can see that it is fault of Jio for not providing proper router. This is what matters at the end of the day.