Asked by Tyler Collins on Apr 28, 2024
Verified
In a group of five individuals,two report annual incomes of $10,000,and the other three report incomes of $14,000,$15,000,and $31,000,respectively.The mode of this group's distribution of annual incomes is
A) $10,000.
B) $15,000.
C) $16,000.
D) $31,000.
Mode
The most frequently occurring score(s) in a distribution.
Annual Incomes
The total amount of money earned by an individual or entity in one year from all sources.
- Uncover the central tendency figures (mean, median, and mode) and realize their variance due to varying data conglomerates.
Verified Answer
SJ
Sahil JagdeoMay 01, 2024
Final Answer :
A
Explanation :
The mode is the value that appears most frequently in a data set. In this case, $10,000 is reported twice, more than any other value, making it the mode.
Learning Objectives
- Uncover the central tendency figures (mean, median, and mode) and realize their variance due to varying data conglomerates.