Find the Mode(s) for the Given Sample Data $$\begin{array} { l l l l l l l } 5.0 & 6.5 & 6.0 & 6.2 & 6.6 & 5.0 & 6.5 \\4.5 & 5.8 & 6.2 & 5.0 & 4.5 & 6.2 & 6.3\end{array}$$

question 184

Multiple Choice

Find the mode(s) for the given sample data.
-The weights (in ounces) of 14 different apples are shown below. $$\begin{array} { l l l l l l l } 5.0 & 6.5 & 6.0 & 6.2 & 6.6 & 5.0 & 6.5 \\4.5 & 5.8 & 6.2 & 5.0 & 4.5 & 6.2 & 6.3\end{array}$$

• A) 5.0 oz
• B) 5.60 oz
• C) 5.0 oz, 6.2 oz
• D) no mode

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Definitions:

Demand

Demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

Indifference Curves

Graphs used in economics to show combinations of two goods that provide equal satisfaction and utility to a consumer.

Budget Line

A graphical representation of all possible combinations of two goods which can be purchased with a given budget at fixed prices.

Utility Function

A utility function is a mathematical representation in economics that depicts an individual's preference ranking over a set of goods or outcomes, showing the level of satisfaction or utility derived from them.