What Is the Mode of These Scores: 2, 4, 5

question 10

Multiple Choice

What is the mode of these scores: 2, 4, 5, 5, 1, 5, 1?

• A)1
• B)5
• C)7
• D)These data have no mode.

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Definitions:

Product Prices

The amount of money required to purchase a good or service, often influenced by factors such as production costs, competition, and demand.

Narrow Range

A situation where variations or differences within data points, options, or outcomes are minimal or significantly limited.

Blue Ocean Strategy

A business strategy that focuses on creating new market spaces (blue oceans) where there is no competition, as opposed to competing in existing industries (red oceans).

Competitive Advantage

A situation or factor that places a company in an advantageous or dominant position over its rivals in the business.