For the Following Problems, Consider This Frequency Table of Survey

question 6

Short Answer

For the following problems, consider this frequency table of survey data:
$\begin{array}{|l|l|l|l|}\hline & F & \text { rel. } f & \text { cum. } f \\\hline \mathbf{1} & 2 & 0.15 & 0.15 \\\hline \mathbf{2} & 3 & 0.23 & 0.38 \\\hline \mathbf{3} & 3 & 0.31 & 0.69 \\\hline \mathbf{4} & 4 & 0.23 & 0.92 \\\hline \mathbf{5} & 1 & 0.08 & 1.00 \\\hline\end{array}$
-What is the mode of the sample described by this frequency table?

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Definitions:

Sales Budget

An estimate of the total sales revenue a company expects to earn over a specific period, often used for planning and control purposes.

Sales

The revenue earned from selling goods or services to customers.

Selling and Administrative Expense Budget

An estimation of the costs related to sales and administrative activities for a specific period, used for planning and control.

Direct Materials

Raw materials that can be directly associated with the production of specific goods or services.