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

Quizplus · Accepted Answer

To find the range, we need to subtract the lowest value from the highest value. The lowest value in the given data set is $1,127 and the highest value is $6,120. Therefore, the range is:
$6,120 - $1,127 = $4,993

Thus, the best choice is B.

The Company Financial Officer Was Interested in the Average Cost