What Is the Mode Price of the Used Cars

question 73

Multiple Choice

What is the mode price of the used cars?

• A)$5,450
• B)$9,650
• C)$5,325
• D)There is no mode for this data set.

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Definitions:

Margin of Safety

The difference between actual or projected sales and the sales break-even point, indicating risk level.

Dollars

The basic monetary unit used in the United States, symbolized as $, representing the currency.

Contribution Format

A type of income statement presentation that separates fixed costs from variable costs, helping to understand the profitability of a company.

Income Statement

A financial statement that summarizes a company's revenues, expenses, and profits or losses over a specific period.