Which of the Following Is True of the Mode

question 45

Multiple Choice

Which of the following is True of the mode?

• A) It is especially useful as a measure for data that have been somehow grouped into categories.
• B) It is the distance between the smallest and largest values in a set of responses.
• C) It is the arithmetic average of a sample.
• D) It is the middle value of a rank-ordered distribution.
• E) It is unaffected by data values being added or deleted.

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Definitions:

Mutual Agency

A principle in partnership where each partner is both an agent and a principal to the partnership, authorized to bind the partnership in contracts and agreements.

Partnership Business

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Ease of Formation

Refers to the simplicity and low barriers to legally establishing and starting a new business entity.

Governmental Regulations

Rules established by government bodies intended to control and govern the conduct of businesses and individuals to ensure compliance with policies and standards.