The Company Financial Officer Was Interested in the Average Cost

question 117

Multiple Choice

The company financial officer was interested in the average cost of PCs that had been purchased in the past six months.She took a random sample of the price of 10 computers,with the following results.
$3,250,$1,127,$2,995,$3,250,$3,445,$3,449,$1,482,$6,120,$3,009,$4,000
What are the lower and upper limits?

• A)2541,3903
• B)2768,3676
• C)2087,4357
• D)2314,4130
• E)1633,2087

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Definitions:

Statistic

A numerical value that describes a characteristic of a sample of data, which can be used to estimate a population parameter.

Complexity

The state or quality of being intricate or complicated, often characterized by a large number of interdependent parts.

Physical Strain

The stress or discomfort experienced by the body due to physical activities, often leading to fatigue or injury.

Task Value

The perceived worth or importance of a task based on its potential outcomes.