Your Company Is Doing Market Research to Assess the Feasibility

Multiple Choice

Your company is doing market research to assess the feasibility of a new product.The market research team gathers pricing information of all the existing products that would compete with your company's product.The most expensive brand is priced at $22.95, and the least expensive one at $20.59.If a class width of 0.25 is used, then the class mark of the first class interval will be

A) 20.50
B) 20.59
C) 20.72
D) 21.75
E) 23.09