The Most Frequently Occurring Value of a Data Set Is

question 60

Multiple Choice

The most frequently occurring value of a data set is called the

• A) midrange.
• B) mode.
• C) mean.
• D) median.

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Definitions:

Utility

represents the total satisfaction received from consuming a good or service.

Total Utility

The overall satisfaction or fulfillment that a consumer receives from consuming a particular quantity of goods or services.

T-Shirts

A type of clothing characterized by short sleeves and typically made of cotton fabric.

Coffee

A brewed drink prepared from roasted coffee beans, the seeds of berries from certain Coffea species.