Considering the Following Data Set: (3, 4, 4, 0, 4

question 410

Multiple Choice

Considering the following data set: (3, 4, 4, 0, 4, 1, 5) , which of the following statements is true?

• A)The range is 4.
• B)The median is 0.
• C)The mean is greater than the mode.
• D)The mode is 4.
• E)The range is 2.

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Definitions:

Rate of Return

A calculation that determines the percentage gain or loss on an investment relative to the investment's cost.

Years

Units of time measuring the duration of 365 days (or 366 days in a leap year), commonly used to quantify time.

Effective Annual Rate

The interest rate on an investment or loan that considers the effect of compounding over a one-year period.

Continuous Compounding

The process of calculating interest and reinvesting it into an account continuously, generating earnings on both the initial principal and the accumulated interest.