Compare and Contrast Methods of Summarizing and Describing Data
Use

question 47

Multiple Choice

Compare and contrast methods of summarizing and describing data
Use the table below to answer the following question(s) .
Below is a table showing the costs per order of items bought by a computer hardware store. $$\begin{array} { | l | l | l | } \hline \text { Supplier } & \text { Item Description } & \text { Cost per Order } \\\hline \text { Aloham Technologies } & \text { Monitors } & \$ 250 \\\hline \text { Aloham Technologies } & \text { Hard Disks } & \$ 220 \\\hline \text { Aloham Technologies } & \text { Power Supply } & \$ 88 \\\hline \text { Aloham Technologies } & \text { Graphics Card } & \$ 300 \\\hline \text { Aloham Technologies } & \text { Processor } & \$ 325 \\\hline \text { Aloham Technologies } & \text { Speakers } & \$ 88 \\\hline \text { MindRoot Hardwares } & \text { Flashdrive } & \$ 9 \\\hline \text { MindRoot Hardwares } & \text { Graphics Card } & \$ 299 \\\hline \text { MindRoot Hardwares } & \text { CD-ROM } & \$ 88 \\\hline \text { MindRoot Hardwares } & \text { Bluetooth Device } & \$ 80 \\\hline\end{array}$$
-Calculate the mode for the cost per order data.

• A) $174.17
• B) $325
• C) $88
• D) $206.5

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Definitions:

Uncertainty

A state where the outcome of an event is unknown or unpredictable, often leading to ambiguity or lack of clarity.

Classical Decision Model

A theoretical model suggesting that decision-making is a rational process where the best choice is made based on a thorough analysis of alternatives and their outcomes.

Complete Information

Having all necessary and relevant data available to make informed decisions or to fully understand a situation.

Clearly Defined Problem

A problem that has been thoroughly understood and articulated, including its scope and boundaries.