Every Spring Semester, the School of Business Coordinates with Local

question 20

Multiple Choice

Every spring semester, the School of Business coordinates with local business leaders a luncheon for graduating seniors, their families, and friends. Corporate sponsorship pays for the lunches of each of the seniors, but students have to purchase tickets to cover the cost of lunches served to guests they bring with them. Data on the number of guests each graduating senior invited to the luncheon and the number of graduating seniors in each category were collected. You want to know the most popular number of guests brought by the graduating seniors. Which of the following will you compute?

• A) Arithmetic mean
• B) Median
• C) Interquartile range
• D) Mode

---

Definitions:

Population

The total number of inhabitants of a particular town, area, or country.

Annual Growth

The yearly percentage increase in the size or value of an economic variable, such as gross domestic product or a company's revenue.

Redemption Value

The amount due to an investor once a bond or other debt instrument reaches its maturity date.

CSB

Canadian Savings Bonds, a secure savings product issued and guaranteed by the Government of Canada.