Consider the Following Small Data Set: 4, 5, 5, 6

question 59

Multiple Choice

Consider the following small data set: 4, 5, 5, 6, 6, 8, 7, 9, 9, 9. Which alternative below correctly identifies the mean, median, or mode of the data set

• A)median - 5.5
• B)mean - 4
• C)mode - 9
• D)mode - 6.7
• E)median - 6.5

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Definitions:

Seasonal Inventory

Goods held in stock that are influenced by seasonal demand, requiring businesses to adjust their inventory levels according to expected sales fluctuations throughout the year.

Demand

Refers to the market's desire for a product or service, quantified by the amount people are ready to buy at various prices.

Production

The process of creating, manufacturing, or producing goods and services.

Inbound Transportation

The process and logistics involved in moving goods from suppliers to a company's premises.