The Following Information Is Given Regarding Driving Lessons Provided by Arrive

question 88

Multiple Choice

The following information is given regarding driving lessons provided by Arrive Alive Company over several spans of time: Select the incorrect statement from the following. $$\begin{array} { | l | r | r | r | } \hline & { \text { Length of Time } } \\\hline & \text { TODAY } & \text { ONE YEAR } & \text { FIVE YEARS } \\\hline \text { Total cost of lessons } & \$ 600 & \$ 110,000 & \$ 508,000 \\\hline \text { Number of lessons } & 50 & 10,000 & 55,000 \\\hline\end{array}$$

• A)The average cost per lesson over the five-year period was $9.24.
• B)Based on the most current information, the cost per lesson was $12.00.
• C)The average cost based on the total five-year period is probably the most appropriate cost for pricing purposes.
• D)The selection of the most appropriate time span for calculating the average cost often requires considerable judgment.

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Definitions:

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Bureau of Labor Statistics

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