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The Company Financial Officer Was Interested in the Average Cost

question 286

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The company financial officer was interested in the average cost of PCs that had been purchased in the past six months. A random sample of the price of 10 computers was taken with the following results (mean = $3,213) :
$3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000

-What is the range?


Definitions:

Legal Jurisdiction

The authority given to a legal body to administer justice within a specific area of responsibility.

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, and symbols.

Miracle Drug

A term often used to describe a medicine that has unexpectedly effective results in curing or significantly treating a disease.

Breast Cancer

A type of cancer that develops from breast cells and is one of the most common cancers affecting women worldwide.

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