The Company Financial Officer Was Interested in the Average Cost

question 59

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 IQR?

• A)1455
• B)970
• C)2910
• D)4993
• E)6204

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Definitions:

Functional Strategy

A strategy developed and implemented by an organizational unit (like Marketing or HR) to support the overall corporate strategy.

Competitive Strategy

The plan that a company follows to differentiate itself from competitors, aiming to achieve a competitive advantage.

Corporate Strategy

The overall plan and direction of a company, focusing on achieving long-term objectives and competitive advantage.

Functional Strategy

A specific, focused plan aimed at achieving objectives and improving performance within a particular department or function of an organization.