Mr. Gomez is researching the price of a new car. He narrowed his search down to five car dealers. The price of the car at each dealer is listed in the chart shown.

Question

CAR PRICES
Dealer Price (dollars)
1 23,000
2 23,750
3 24,350
4 22,650
5 23,900
Which measure provides information on how much the prices vary?

Answer 1

The measure that provides information on how much the prices vary is the range. The range is calculated by subtracting the lowest price from the highest price. In this case, the range would be $24,350 - $22,650, which is $1,700.