The Following Data Represent the Total Price, in Dollars, of 20

question 41

Multiple Choice

The following data represent the total price, in dollars, of 20 randomly-selected gasoline purchases at a certain convenience store.
$$\begin{array} { l l l l l l l l l l } \hline 42.77 & 66.31 & 48.83 & 64.59 & 73.18 & 66.83 & 72.93 & 75.45 & 71.09 & 45.9 3 \\61.29 & 61.15 & 43.27 & 49.44 & 60.34 & 62.71 & 79.05 & 41.02 & 11.48 & 69.98\ \\\hline\end{array}$$
Which value in this data set is most accurately described as an extreme value?

• A)$69.98
• B)$79.05
• C)$67.57
• D)$11.48

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Definitions:

Geographic

Refers to anything related to the physical features of an area or the distribution of things over the Earth.

Product

An item or service created through a process and offered in the market to satisfy a need or desire.

Divisional Structure

An organizational layout where operations are grouped based on divisions, which could be product lines, geographical areas, or customer markets.

Functional Structure

An organizational structure where the company is divided into departments based on their functions, such as marketing, operations, and finance.