Well that is a really good question.
Basically, the power-band reffers to the entire range of the tachometer. (from idle to max rpm)
What you probably want to know is, where is the most power in my power-band?
Since the power-band is never really mentioned in the stats about a car, the car's peak hp is mentioned with a specific rpm that the hp is achieved at. However, sometimes even that stat is off since many cars in the game continue developing hp past the initial redline.
Basically, the power-band on most cars is between the mid-range rpm and the peak hp rpm.
When trying to figure out the power-band of a car, I would suggest trying a technique where you use different shift points.
Try shifting early and late, if either one comes out to be faster on a drag strip test, then you've got a start as to where you should shift, and that's why you would wanna know your power-band... so you know where to shift.
I hope I came close to saying what I meant to, but at the moment Im in a rush... so if this is still here when I get back from my exam I will try to make the concept clear. (even more so than this attempt.)
Great question though.