The Mode for a Data Set Is

question 87

Multiple Choice

The mode for a data set is:

• A)the arithmetic average of the set of scores
• B)the middle point in the set of scores
• C)the most frequently occurring score
• D)the difference between the largest and smallest scores

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Definitions:

Borrowing Company

A company that takes out a loan or issues debt securities to finance its operations or projects.

Aging of Accounts Receivable

The process of categorizing accounts receivable by their due dates to estimate the amount of bad debts.

Estimated Net Realizable Value

The anticipated fair value of an asset in terms of the amount for which it could be sold, minus the estimated costs of sale or disposal.

Percentage of Net Sales

A financial ratio that represents certain expenses, liabilities, or profits as a percentage of the net sales, used to analyze the financial health and performance of a business.