A brilliant 700 – 800 level GMAT statistics problem solving practice question.
Concept: Mean, Median, Mode and Range. Beautifully combines all these concepts in a neat package.
Question
An analysis of the monthly incentives received by 5 salesmen
The mean and median of the incentives is $7000. The only mode among the observations is $12,000. Incentives paid to each salesman were in full thousands. What is the difference between the highest and the lowest incentive received by the 5 salesmen in the month?
A. $4000
B. $13,000
C. $9000
D. $5000
E. $11,000
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Truly a brilliant question sir.