The Prices (In Dollars)of 12 Electric Smoothtop Ranges Are Listed $\begin{array} { c c c c c c } 865 & 1010 & 655 & 565 & 1465 & 1110 \\710 & 765 & 820 & 1310 & 555 & 1065\end{array}$

question 24

Multiple Choice

The prices (in dollars) of 12 electric smoothtop ranges are listed below. Find the range for the given sample data.
$\begin{array} { c c c c c c } 865 & 1010 & 655 & 565 & 1465 & 1110 \\710 & 765 & 820 & 1310 & 555 & 1065\end{array}$

• A)$900
• B)$920
• C)$930
• D)$910

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Definitions:

Arbitrary Approach

A method based on individual judgment or preference rather than objective logic or system.

Promotion Mix

The combination of promotional tools used by an organization, including advertising, sales promotion, public relations, personal selling, and direct marketing.

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A method in advertising and marketing involving the setting of objectives and determining the tasks necessary to achieve them.

Budgeting Methods

Financial strategies used to plan and allocate resources, often income and expenditure, over a specified period.