EuroTravel Agency is marketing overseas trips to college students but needs to keep in mind the average student's budget when setting their rates.In order to maximize the number of trips sold, the agency decides to market to the interquartile range of the students, based on their reported budgets.Who is in this group of students?

Question

Quizplus · Accepted Answer

The interquartile range includes the middle 50% of the data, which is represented by the 25th percentile up to the 75th percentile. Therefore, choice D - students with budgets between the 25th percentile and 75th percentile of the group - is the correct answer. This group includes a wide range of budgets, but also excludes the highest and lowest extremes, which makes it a good target for the agency to maximize sales while considering the average student's budget.

EuroTravel Agency Is Marketing Overseas Trips to College Students but Needs