What Is the Mode of This Set of Scores

question 33

Multiple Choice

What is the mode of this set of scores?
4,4,7,3,6,10,2,7,3,10,4,8,2,2,2

• A)2
• B)3
• C)4
• D)10

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Definitions:

Revenue Maximizer

Describes a strategy or approach focused on increasing the total revenue received, regardless of profits or costs.

Profit Maximizer

A strategy or process employed by businesses to increase their net profits to the highest possible level given their resources, constraints, and market conditions.

U-Shaped Average

This term seems unclear; possibly referring to the 'U-shaped' curve of the average cost, which decreases, reaches a minimum, and then increases with production volume.

Price Elasticity

Evaluating how price changes for a good translate into variations in consumer interest.