What Is the Range for This Sample of March Electric

question 39

Multiple Choice

What is the range for this sample of March electric bills amounts for all-electric homes of similar
Sizes (to the nearest dollar) : $212, $191, $176, $129, $106, $92, $108, $109, $103, $121, $175 and
$194.

• A) $100
• B) $130
• C) $120
• D) $112
• E) $115

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Definitions:

Catalog Price

The price listed in a catalog, not accounting for any discounts or promotions.

Credit Terms

Credit Terms are the payment terms and conditions established by a seller, including the period that has to pass before an invoice is considered overdue.

Cost Of Goods Sold

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

Beginning Inventory

The value of goods available for sale at the start of an accounting period, carried over from the end of the previous period.