Is It Possible for a Data Set to Have More

question 42

Multiple Choice

Is it possible for a data set to have more than one mode?

• A) No, there must always be a single mode, or else there is no mode.
• B) Yes, if two or more values in a data set occur the same number of times.
• C) Yes, if there are at least two different values in a data set, there is always more than one mode.
• D) Yes, if two or more values in a data set occur with the most frequency and the frequency is greater than one.

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Definitions:

Account Receivable

Money owed to a company by customers who have purchased goods or services on credit.

Classified Revenue

Classified revenue involves organizing a company's revenue into distinct categories for detailed financial analysis and reporting.

Accounting Equation

The fundamental principle of accounting that states assets equal liabilities plus owner's equity.

Purchasing Supplies

The process of acquiring the goods and materials a company needs to operate.