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.

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Definitions:

Amortization

The method of incrementally expensing the original cost of an intangible asset over the period it is expected to be used.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company's profit.

Dividends

Dividends are payments made by a corporation to its shareholders, usually as a distribution of profits.

Contingent Consideration

An obligation to transfer additional assets or equity interests to the former owners of an acquired business if future events occur or conditions are met.