QuestionCalculate the range of the following traveler spending data (in billions): $20.9, 33.1, 21.8, 58.5, 23.5, 110.9, 30.4, 24.9, 74.1, 60.3, 40.4, 45.4$ . Round to two decimal places.

Studdy Solution

STEP 1

Assumptions1. The traveler spending data in billions of dollars for a sample of states in a recent year are $20.9,33.1,21.8,58.5,23.5,110.9,30.4,24.9,74.1,60.3,40.4,45.4$ . The range is calculated as the difference between the maximum and minimum values in a data set.

STEP 2

First, we need to identify the maximum and minimum values in the data set.The data set is $20.9,33.1,21.8,58.5,23.5,110.9,30.4,24.9,74.1,60.,40.4,45.4$

STEP 3

The maximum value in the data set is $110.9$ billion.

STEP 4

The minimum value in the data set is $20.9$ billion.

STEP 5

Now, we can calculate the range of the data set by subtracting the minimum value from the maximum value.
$Range = Maximum\, value - Minimum\, value$

STEP 6

Plug in the values for the maximum and minimum values to calculate the range.
$Range =110.9 -20.9$

STEP 7

Calculate the range of the data set.
$Range =110.9 -20.9 =90$ The range of the traveler spending data is $90$ billion.

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QuestionCalculate the range of the following traveler spending data (in billions): $20.9, 33.1, 21.8, 58.5, 23.5, 110.9, 30.4, 24.9, 74.1, 60.3, 40.4, 45.4$ . Round to two decimal places.

Studdy Solution

STEP 1

Assumptions1. The traveler spending data in billions of dollars for a sample of states in a recent year are $20.9,33.1,21.8,58.5,23.5,110.9,30.4,24.9,74.1,60.3,40.4,45.4$ . The range is calculated as the difference between the maximum and minimum values in a data set.

STEP 2

First, we need to identify the maximum and minimum values in the data set.The data set is $20.9,33.1,21.8,58.5,23.5,110.9,30.4,24.9,74.1,60.,40.4,45.4$

STEP 3

The maximum value in the data set is $110.9$ billion.

STEP 4

The minimum value in the data set is $20.9$ billion.

STEP 5

Now, we can calculate the range of the data set by subtracting the minimum value from the maximum value.
$Range = Maximum\, value - Minimum\, value$

STEP 6

Plug in the values for the maximum and minimum values to calculate the range.
$Range =110.9 -20.9$

STEP 7

Calculate the range of the data set.
$Range =110.9 -20.9 =90$ The range of the traveler spending data is $90$ billion.

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Studdy Solution

STEP 1

STEP 2

First, we need to identify the maximum and minimum values in the data set.The data set is 20.9,33.1,21.8,58.5,23.5,110.9,30.4,24.9,74.1,60.,40.4,45.420.9,33.1,21.8,58.5,23.5,110.9,30.4,24.9,74.1,60.,40.4,45.420.9,33.1,21.8,58.5,23.5,110.9,30.4,24.9,74.1,60.,40.4,45.4

STEP 3

The maximum value in the data set is 110.9110.9110.9 billion.

STEP 4

The minimum value in the data set is 20.920.920.9 billion.

STEP 5

Now, we can calculate the range of the data set by subtracting the minimum value from the maximum value.Range=Maximum value−Minimum valueRange = Maximum\, value - Minimum\, valueRange=Maximumvalue−Minimumvalue

STEP 6

Plug in the values for the maximum and minimum values to calculate the range.Range=110.9−20.9Range =110.9 -20.9Range=110.9−20.9

STEP 7

Calculate the range of the data set.Range=110.9−20.9=90Range =110.9 -20.9 =90Range=110.9−20.9=90The range of the traveler spending data is 909090 billion.

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First, we need to identify the maximum and minimum values in the data set.The data set is $20.9,33.1,21.8,58.5,23.5,110.9,30.4,24.9,74.1,60.,40.4,45.4$

The maximum value in the data set is $110.9$ billion.

The minimum value in the data set is $20.9$ billion.

Now, we can calculate the range of the data set by subtracting the minimum value from the maximum value.
$Range = Maximum\, value - Minimum\, value$

Plug in the values for the maximum and minimum values to calculate the range.
$Range =110.9 -20.9$

Calculate the range of the data set.
$Range =110.9 -20.9 =90$ The range of the traveler spending data is $90$ billion.