The Company Financial Officer Was Interested in the Average Cost

question 98

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;$3,250,$1,127,$2,995,$3,250,$3,445,$3,449,$1,482,$6,120,$3,009,$4,000 What is the third quartile?

• A)$1,446.5
• B)$2,617
• C)$3,415.75
• D)$3,587
• E)$4,212

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Definitions:

Plumbing Contractor

A professional or company that specializes in the installation and repair of plumbing systems in residential or commercial buildings.

Life Insurance

A contract in which an insurer agrees to pay a designated beneficiary a sum of money upon the insured individual's death.

Uniform Commercial Code

A comprehensive set of laws regulating commercial transactions and dealings across the United States, aiming for uniformity among states.

Article 2

Refers to a particular segment of a legal code or document, which could vary significantly by context, often involved in discussing commercial transactions in the U.S. Uniform Commercial Code.