Find the Range for the Following Sample Data $\begin{array}{llllll}x: & 24 & 18 & 15 & 31 & 29\end{array}$

question 4

Multiple Choice

Find the range for the following sample data. $\begin{array}{llllll}x: & 24 & 18 & 15 & 31 & 29\end{array}$

• A)11
• B)7
• C)3
• D)2
• E)16

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Definitions:

Cash Cycle

The period between the outlay of cash for the purchase of inventory and the collection of revenue from its sale.

Cost of Goods Sold

Direct costs attributable to the production of goods sold by a company, including materials and labor.

Inventory Period

The average time it takes for a company to turn its inventory into sales, reflecting the efficiency of its inventory management.

Cost of Goods Sold

The costs directly connected to the manufacture of goods a firm sells, comprising materials and labor.