puma wrote:
WHat was the range of the selling prices of the 30 wallets sold by a certain store?
1) 1/3 of the wallets had a selling price of $24 each
2) the lowest selling price of the wallets was 1/3 the highest selling price of the wallets
Stat 1: states that 1/3 of the wallet is sold@24, which means that the other 2/3 could be higher and lower than $24. => not suff.
Stat 2: the lowest price was 1/3 of the highest price, but we have no idea what these prices are looking at 2), therefore, not suff.
Combined: 1/3 of the wallets go for 24 and the price between the lowest & highest is 1/3 the amt. These two stat don't help us at all, as stat 1 does not state wherever the 1/3 is the highest or the lowest of price for each item. Therefore, we're safe to assume E for this question.