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Measure of Central Tendency

In 2005, the ...

Question

In 2005, the average unit sale price of an IBM PC was approximately (in US$)

A

3180

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B

2800

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C

393

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D

3080

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Solution

The correct option is D 3080
IBM accounts for 28% of the share by value and 10% of the share by volume.
28% of 1650000 $= 28 \times 1650000 / 100 = 462000$
10% of 1500 $= 10 \times 1500 / 100 = 150$
Therefore, average unit sale price = 462000/150 = 3080.

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