The Company Financial Officer Was Interested in the Average Cost

question 62

Multiple Choice

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?

• A)1359
• B)4993
• C)1846575
• D)3587
• E)1976454

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Definitions:

Insider Trading

The illegal trading of a public company's stock by someone with access to nonpublic, material information about the company.

Tipping

The practice of giving money, beyond the cost of a service, to certain service workers for a job well done.

Insider Misappropriation

The illegal act of theft or improper use of insider information by a company insider to benefit from stock trades or other financial transactions.

Sixth Amendment Rights

Refers to the rights guaranteed by the Sixth Amendment to the U.S. Constitution, including the right to a speedy and public trial, an impartial jury, to be informed of the nature and cause of the accusation, to confront opposing witnesses, to have compulsory process for obtaining witnesses in one's favor, and to have the assistance of counsel for one's defense.