Find the Mode(s)for the Given Sample Data $\begin{array} { l l l l l } 42.9 & 42.4 & 40.6 & 42.1 & 41.8 \end{array}$

question 188

Multiple Choice

Find the mode(s) for the given sample data.
-The speeds (in mi/h) of the cars passing a certain checkpoint are measured by radar. The results are shown below.
$\begin{array} { l l l l l } 42.9 & 42.4 & 40.6 & 42.1 & 41.8 \end{array}$
$\begin{array} { l l l l l } 41.8 & 42.4 & 42.8 & 44.2 & 42.1 \end{array}$
$\begin{array} { l l l l l } 42.9 & 42.8 & 42.1 & 42.5 & 42.4 \end{array}$
$\begin{array} { l l l l l } 43.3 & 43.3 & 40.6 & 44.0 & 42.9 \end{array}$

• A)\(42.47 \mathrm { mi } / \mathrm { hr }\)
• B) \(42.4 \mathrm { mi } / \mathrm { hr }\)
• C) \(42.9 \mathrm { mi } / \mathrm { hr } , 42.1 \mathrm { mi } / \mathrm { hr } , 42.4 \mathrm { mi } / \mathrm { hr }\)
• D) \(42.9 \mathrm { mi } / \mathrm { hr }\)

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Definitions:

Monopolistically Competitive

Referring to a market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Pure Monopolist

A market structure where a single firm is the sole producer for a product or service, with no close substitutes, giving it significant market power.

Perfectly Elastic

describes a market situation in which the quantity demanded or supplied changes infinitely in response to any change in price.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, indicating overall profitability beyond breakeven.