The Total Points Scored by a Basketball Team for Each

question 177

Essay

The total points scored by a basketball team for each game during its last season have been summarized in the table below. Identify the modal class of the distribution of scores. $$\begin{array} { | c | c | } \hline \text { Score } & \text { Frequency } \\\hline 41 - 60 & 3 \\\hline 61 - 80 & 8 \\\hline 81 - 100 & 12 \\\hline 101 - 120 & 7 \\\hline\end{array}$$

---

Definitions:

Spot Prices

The present selling or buying price of an asset available for immediate transfer.

Transaction Costs

The expenses incurred when buying or selling securities, including broker fees and taxes.

Futures Markets

Competitive marketplaces where parties can trade standardized futures contracts; that is, legal agreements to buy or sell something at a predetermined price at a specified time in the future.