Last Year, Nine Employees of an Electronics Company Retired $$\begin{array} { l l l l l l l l l } 51 & 61 & 62 & 57 & 50 & 67 & 68 & 58 & 53\end{array}$$

question 32

Multiple Choice

Last year, nine employees of an electronics company retired. Their ages (in years) at retirement are listed below. Find the mode(s) for the given sample data. $$\begin{array} { l l l l l l l l l } 51 & 61 & 62 & 57 & 50 & 67 & 68 & 58 & 53\end{array}$$

• A) 51 yr, 61 yr, 62 yr, 57 yr, 50 yr, 67 yr, 68 yr, 58 yr, 53 yr
• B) 58 yr
• C) 58.6 yr
• D) no mode

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Definitions:

Spending Variance

The difference between the actual cost incurred for an item and its planned or budgeted cost, indicating how well a company manages its expenses.

Budgeting

The method of crafting a budget that details your planned income and expenditures for a certain time frame.

Planning Budget

A financial plan that estimates income, expenditure, and resources over a specified period, often used for guiding a business's strategy.

Employee Salaries

Regular payments made to employees for their service or work, typically on a monthly basis, not directly tied to the amount of hours worked.