Find the Range for the Given Sample Data $$\begin{array} { l l l l l l } 2.8 & 5.3 & 1.4 & 4.8 & 6.6 & 3.3\end{array}$$

question 162

Multiple Choice

Find the range for the given sample data.
-The owner of a small manufacturing plant employs six people. As part of their personnel file, she asked each employee to record the distance they travel one way from home to work. The six distances (in miles) are listed below: $$\begin{array} { l l l l l l } 2.8 & 5.3 & 1.4 & 4.8 & 6.6 & 3.3\end{array}$$

• A) 5.2 mi
• B) 0.5 mi
• C) 5.3 mi
• D) 1.4 mi

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Definitions:

Housing Market

The market segment related to buying, selling, and renting residential properties.

Convergence

The phenomenon where the futures price of a commodity tends to approach the spot price as the contract expiration date nears.

Margin

The practice of buying an asset by using funds borrowed from a broker, often used in stock trading to leverage investments.

Futures Contract

A standardized legal agreement to buy or sell a specific commodity or financial instrument at a predetermined price at a specified time in the future.