Since the Mode Is the Most Frequently Occurring Data Value

question 52

Multiple Choice

Since the mode is the most frequently occurring data value, it

• A)can never be larger than the mean
• B)is always larger than the median
• C)is always larger than the mean
• D)None of these alternatives is correct.

---

Definitions:

Targeting

The process of identifying and focusing marketing efforts on a specific demographic or niche market that is most likely to buy a product or service.

Maximizing Sales

Strategies and efforts aimed at increasing the volume of products sold, thereby boosting revenue.

Market Segments

Groups of potential customers with similar needs, desires, and characteristics that a company targets with specific products or marketing campaigns.

Segmenting

The process of dividing a larger market into smaller groups or segments with similar needs, characteristics, or behavior, to target marketing efforts more effectively.