Asha looked at several different flower arrangements before purchasing...
The correct answer is 'C' - Range. The range is the difference between the highest and lowest values in a set of data and can be used to describe the variation between maximum and minimum prices in this case.
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Asha looked at several different flower arrangements before purchasing...
The measure of data that can be used to describe the variation between the maximum and minimum price is the range.
Range:
The range is a measure of dispersion that simply calculates the difference between the maximum and minimum values in a dataset. In this case, the maximum price is Rs. 37.50 and the minimum price is Rs. 15.62.
Explanation:
To understand why the range is the appropriate measure in this scenario, let's consider the other options:
- Mean: The mean is the average of a set of values. While it can give us an idea of the average price, it does not provide any information about the range or variation within the dataset.
- Mode: The mode is the value that appears most frequently in a dataset. In this case, there is no information given about the frequency of each price, so we cannot determine the mode.
- Median: The median is the middle value of a dataset when arranged in ascending or descending order. Again, without knowing the specific values and their order, we cannot determine the median.
Therefore, the range is the most appropriate measure to describe the variation between the maximum and minimum prices. It provides a simple and straightforward way to understand the spread of prices in the dataset. In this case, the range would be Rs. 37.50 - Rs. 15.62 = Rs. 21.88. This means that the prices of the flower arrangements vary by Rs. 21.88.
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