The Mode Is Least Appropriate For

question 37

Multiple Choice

The mode is least appropriate for:

• A)continuous data.
• B)categorical data.
• C)discrete data.
• D)Likert scale data.

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Definitions:

Market Prices

The current prices at which goods and services are being sold in the market, determined by the forces of supply and demand.

Goods and Services

The output produced by a country's economy that can be physically consumed or used to provide a service.

Quantities Purchased

The total number of units of a good or service bought by consumers at various prices.

Depreciation

The process of allocating the cost of tangible assets over their useful lives, reflecting the decrease in value of an asset over time due to use and obsolescence.