Problem Statement

Average Unit Sale Price of an IBM PC in 2005 A pie chart shows the distribution of New York market share by VALUE of different computer companies in 2005: IBM 28%, Others 30%, Apple 14%, Commodore 8%, Texas 8%, Tandy 6%, HP 6%. A second pie chart shows the distribution of New York market share by VOLUME of different computer companies in 2005: Commodore 34%, Others 19%, Texas 12%, Apple 11%, IBM 10%, HP 8%, Tandy 6%. Number of units sold in 2005 in New York = 1,500 Value of units sold in 2005 in New York = US $1,650,000 In 2005, the average unit sale price of an IBM PC was approximately (in US$):