Correct Answer: C) Q3
Explanation: Calculate the distance (absolute difference) from $50K for each quarter: Q1: |45,000 – 50,000| = 5,000. Q2: |53,000 – 50,000| = 3,000. Q3: |48,000 – 50,000| = 2,000. Q4: |56,000 – 50,000| = 6,000. Compare distances: 2,000 is the smallest distance. Q3 at $48K is only $2,000 away from $50K, making it the closest. Use your calculator to verify differences: 50000 – 48000 = 2000
Correct Answer: C) Q3
Explanation: Calculate the distance (absolute difference) from $50K for each quarter: Q1: |45,000 – 50,000| = 5,000. Q2: |53,000 – 50,000| = 3,000. Q3: |48,000 – 50,000| = 2,000. Q4: |56,000 – 50,000| = 6,000. Compare distances: 2,000 is the smallest distance. Q3 at $48K is only $2,000 away from $50K, making it the closest. Use your calculator to verify differences: 50000 – 48000 = 2000