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In Exercises, find the range, variance, and

Chapter 3, Problem 11BSC

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QUESTION:

Ghost Prices Listed below are the prices listed for Norton Ghost 14.0 software from these vendors: Newegg, Dell, Buycheapsoftware.com, PC Connection, Walmart, and Overstock.com. When trying to find the best deal, how helpful are the measures of variation?

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QUESTION:

Ghost Prices Listed below are the prices listed for Norton Ghost 14.0 software from these vendors: Newegg, Dell, Buycheapsoftware.com, PC Connection, Walmart, and Overstock.com. When trying to find the best deal, how helpful are the measures of variation?

ANSWER:

Solution 11BSC

From the given information, the prices of Norton Ghost 14.0 software from the given vendors are

From the given information, maximum data value is $71.77 and minimum value is $48.92. We know that range of the given set of sample values found as follows:

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