each year, forbes magazine compiles a list of the 400 richest americans. as of september 19, 2012, 8 of the…

each year, forbes magazine compiles a list of the 400 richest americans. as of september 19, 2012, 8 of the top 10 on the list are as shown in the accompanying table. determine the range and sample standard - deviation.\nclick the icon to view the table of 8 of the top 10 richest americans.\nthe range is $ billion.\n(type an integer or a decimal. do not round.)\ntop 10 richest people in a country\nperson wealth ($ billions)\nbill gates 66.0\nwarren buffett 46.0\nlarry ellison 41.0\ncharles koch 31.0\ndavid koch 31.0\nchristy walton and family 27.9\njim walton 26.8\nmichael bloomberg 25.0

each year, forbes magazine compiles a list of the 400 richest americans. as of september 19, 2012, 8 of the top 10 on the list are as shown in the accompanying table. determine the range and sample standard - deviation.\nclick the icon to view the table of 8 of the top 10 richest americans.\nthe range is $ billion.\n(type an integer or a decimal. do not round.)\ntop 10 richest people in a country\nperson wealth ($ billions)\nbill gates 66.0\nwarren buffett 46.0\nlarry ellison 41.0\ncharles koch 31.0\ndavid koch 31.0\nchristy walton and family 27.9\njim walton 26.8\nmichael bloomberg 25.0

Answer

Explanation:

Step1: Find maximum and minimum values

The maximum wealth is $66.0$ billion (Bill Gates) and the minimum wealth is $25.0$ billion (Michael Bloomberg).

Step2: Calculate the range

The formula for the range is $R = \text{Max}-\text{Min}$. So, $R=66.0 - 25.0$.

Answer:

$41.0$