To determine the range of a dataset, you subtract the minimum value from the maximum value.
Original dataset: {$35.80, $79.60, $38.10, $20.50, $10.45, $96.78, $45.90}
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Identify the minimum and maximum values:
- Minimum = $10.45
- Maximum = $96.78
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Calculate the range:
- Range = Maximum - Minimum
- Range = $96.78 - $10.45 = $86.33
Now let's add the new data point of $98.20 and find the range of the new dataset.
New dataset: {$35.80, $79.60, $38.10, $20.50, $10.45, $96.78, $45.90, $98.20}
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Identify the new minimum and maximum values:
- Minimum = $10.45
- Maximum = $98.20
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Calculate the new range:
- Range = Maximum - Minimum
- Range = $98.20 - $10.45 = $87.75
So, the ranges are:
- The range of the original dataset is $86.33.
- The range of the new dataset is $87.75.
Thus, the correct response is: The range of the original dataset is $86.33, and the range of the new dataset is $87.75.