What Does It Mean to Find the Mode of a Bar

question 50

Multiple Choice

What does it mean to find the mode of a bar chart?

• A)The mode can be found by finding the bar, or category, with the most observations.
• B)You cannot find a mode for categorical data.Modes are only used with numerical data.
• C)The mode can be found by adding up the total number of observations and dividing by the number of categories.
• D)The mode can be found by adding up the total number of categories.

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Definitions:

Security Interest

A legal claim or right granted by a debtor to a creditor over the debtor's property, ensuring the property serves as collateral for the repayment of a debt.

Ordinary Course

Activities or transactions that are part of the regular, expected business operations of a company.

Insolvent Debtors

Individuals or businesses that are unable to meet their financial obligations or pay their debts as they become due.

Chattel Paper

A document or electronic record that evidences both a monetary obligation and a security interest in specific goods.