Answer to Question #281039 in Statistics and Probability for Himanshi

Question

The following are the prices in Rs. of different brands of television sets. Find the range of

prices and its coefficient.

Rs. 17850, 16990, 17500, 19850, 16650, 19300

Answer 1

The following are the prices in Rs. of different brands of television sets:

(17850, 16990, 17500, 19850, 16650, 19300)

Range = Maximum Price – Minimum Price

Range = 19850 - 16650

Range = 3200

So, the range of prices is Rs. 3200.

$Coefficient=\frac{Maximum-Minimum}{Maximum+Minimum}$

$Coefficient=\frac{19850 - 16650 }{19850 + 16650 }$

$Coefficient=0.088$