Final answer:
To calculate the range of the unit sales data for a new product ABC, subtract the lowest sales figure (160 units in May) from the highest (492 units in March), giving a range of 332 units.
Step-by-step explanation:
The range of a set of data is calculated by finding the difference between the highest and the lowest values. In the case of the provided unit sales data for a new product ABC over the first seven months of the year, we must identify the maximum and minimum values to calculate the range.
The sales figures provided are as follows:
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- January: 330 units
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- February: 274 units
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- March: 492 units
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- April: 371 units
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- May: 160 units
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- June: 283 units
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- July: 164 units
The highest number of units sold in a month is 492 units in March, and the lowest is 160 units in May. To find the range, subtract the lowest value from the highest value:
Range = Highest value - Lowest value
Range = 492 units - 160 units
Range = 332 units
Therefore, the range of the unit sales data is 332 units, expressed as an integer.
completed question
Unit sales for new product ABC have varied in the first seven months of this year as follows: Feb 274 Month Jan Mar Apr May Jun Jul Unit Sales 330 492 371 160 283 164 What is the range of the data? Please specify your answer as an integer