The Mode Is Used Infrequently in Business Applications Because It

question 313

Multiple Choice

The mode is used infrequently in business applications because it:

• A)is difficult to compute.
• B)does not represent the true center of numerical data.
• C)is too labor intensive.
• D)is an accurate measure of central tendency.

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Definitions:

Publicly Traded

Describes a company whose shares are bought and sold freely on one or more stock exchanges.

Volume Discounts

Reduced prices or rates offered by a seller to a buyer based on the quantity of goods or services purchased, typically incentivizing larger orders.

Manufacturer

An entity or company that produces finished goods from raw materials through the use of various tools, equipment, and processes.

Corporate Chains

Entities consisting of multiple businesses owned and operated by a single organization, often standardized in operations and branding.