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Professor White Asked His Students to Put the Number of Hours

question 77

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Professor White asked his students to put the number of hours each studied for the final exam on a piece of paper and turn that paper in with the exam.The pieces of paper indicate that students studied 10,3,4,25,1,4,4,12,6,8 and 10 hours.What is the modal number of hours studied?

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Definitions:

Attachment

The point at which a creditor becomes the secured party that has a security interest in the collateral.

Secured Party

A lender or creditor who has an interest, typically a lien, in the collateral offered by the debtor in a secured transaction.

Collateral

Assets that a borrower offers to a lender to secure a loan, which the lender may seize in the event of loan default.

Intangibles

Assets that lack physical form but have value, such as intellectual property or goodwill.

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