The company financial officer was interested in the average cost of PCs that had been purchased in the past six months. A random sample of the price of 10 computers was taken with the following results (mean = $3,213):
$3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000

-What is the range?
A)1359
B)4993
C)1846575
D)3587
E)1976454

Question

The company financial officer was interested in the average cost of PCs that had been purchased in the past six months. A random sample of the price of 10 computers was taken with the following results (mean = $3,213):
$3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000

-What is the range?
A)1359
B)4993
C)1846575
D)3587
E)1976454

Quizplus · Accepted Answer

The range is the difference between the highest and lowest values in the dataset. The highest value is $6,120 and the lowest is $1,127. Therefore, the range is $6,120 - $1,127 = $4,993.

The Company Financial Officer Was Interested in the Average Cost