A Shoe Company Reports the Mode for the Shoe Sizes

question 150

Multiple Choice

A shoe company reports the mode for the shoe sizes of men's shoes is 12. Interpret this result.

• A) Most men have shoe sizes between 11 and 13.
• B) Half of all men's shoe sizes are size 12
• C) Half of the shoes sold to men are larger than a size 12
• D) The most frequently occurring shoe size for men is size 12

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Definitions:

Premium

The amount paid for an insurance policy, or the difference between the higher price paid for a bond above its face value.

Discount

A reduction applied to the regular price of goods or services, often to encourage sales.

Par Value

A nominal value or face value assigned to a share of stock by the corporation at the time of issue.

Articles Of Incorporation

These are legal documents filed with a governmental body to legally document the creation of a corporation.