Since the Mode Is the Most Frequently Occurring Data Value

question 101

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:

Economic Principle

A basic concept or rule that underlies the functioning of economies, guiding the allocation of resources.

Higher Cost

The increased expenses associated with the production of goods or services, often leading to higher prices for consumers.

Market Economy

An economic system where supply and demand determine the production and distribution of goods and services.

Basic Economic Questions

Fundamental questions addressing what to produce, how to produce, and for whom to produce in an economy.