Identify Whether the Average Described Is a Mean, Median, or Mode

question 14

Multiple Choice

Identify whether the average described is a mean, median, or mode.
-The physics teacher grades on a curve. She gives A's to students whose scores are in the top 10%, B's to those whose scores fall in the next 20%, Fs to those with scores in the bottom 10%, Ds to the next 20%, and those with
Average scores get a C.

• A) Mode
• B) Median
• C) Mean

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Definitions:

Loanable Funds

The funds in financial institutions that are available for borrowing.

Higher Interest Rate

An increased percentage charged on borrowed money or paid on savings and investments.

Public Saving

Public saving refers to the surplus of government revenues over government spending. It's a component of national savings along with private savings.

Private Saving

The portion of household and business income that is not spent on current consumption but instead is saved or invested for future use.