Find the Range for the Given Data $$\$ 111 \quad \$ 552 \quad \$ 158 \quad \$ 668 \quad\$ 355 \quad\$ 312$$

question 53

Multiple Choice

Find the range for the given data.
-To get the best deal on a microwave oven, Jeremy called six appliance stores and asked the cost of a specific model. The prices he was quoted are listed below: $$\$ 111 \quad \$ 552 \quad \$ 158 \quad \$ 668 \quad\$ 355 \quad\$ 312$$
Compute the range.

• A)$111
• B)$154
• C)$552
• D)$557

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Definitions:

Real Exchange Rate

A measure of the value of one currency in terms of another, adjusted for differences in price levels between countries.

Argentinean Pesos

The official currency of Argentina, abbreviated as ARS, used for all types of financial transactions within the country.

Gallon of Milk

A unit of measurement for liquid volume, specifically used to measure the quantity of milk.

Nominal Exchange Rate

The value of one currency in terms of another currency without adjustment for inflation or purchasing power parity.