Question

Look at the table of the arena’s profits and answer the questions that follow.

January
February
March
£33,000
£29,000
£34,900
£35,000
£25,000
£37,000
£28,000
£34,000
£32,000
£42,000
£28,000
£27,000

Calculate the range in profits for each month

Answer 1

The following are the range of profits for each months;

January = £14000

February = £9,000

March = £10,000

What is the range in profits per month?

Range = Highest profit - lowest profit

January:

Highest = £42000

Lowest = £28000

Range = Highest profit - lowest profit

= £42000 - £28000

= £14000

February:

Highest = £34,000

Lowest = £25,000

Range = Highest profit - lowest profit

= £34,000 - £25,000

= £9,000

March:

Highest =£37,000

Lowest = £27,000

Range = Highest profit - lowest profit

= £37,000 - £27,000

= £10,000

Complete question:

Look at the table of the arena’s profits and answer the questions that follow.

January

£33000

£35000

£28000

£42000

feb

£29,000

£25,000

£34,000

£28,000

march

£34,900

£37,000

£32,000

£27,000

Calculate the range in profits for each month

Answer 2

Range = £17,000

Explanation:

Step 1: Write all profits in ascending order

25,000

27,000

28,000

28,000

29,000

32,000

33,000

34,000

34,900

35,000

37,000

42,000

Step 2: Write the formula for range

Range = Highest - Lowest

Step 3: Identify the highest profit

Highest profit = £42,000

Step 4: Identify the lowest profit

Lowest profit = £25,000

Step 5: Calculate the range

Range = Highest - Lowest

Range = 42000 - 25000

Range = £17,000

Therefore, the range in profits is £17,000.

!!