Since the Mode Is the Most Frequently Occurring Data Value

question 52

Multiple Choice

Since the mode is the most frequently occurring data value, it

• A)can never be larger than the mean
• B)is always larger than the median
• C)is always larger than the mean
• D)None of these alternatives is correct.

---

Definitions:

Income Distribution

Describes how a nation's total earnings are spread among its population, affecting economic inequality.

Household Income

The combined gross income of all members of a household, serving as a measure for various economic indicators and eligibility for financial assistance programs.

Annual Income

Annual income refers to the total earnings received by an individual, household, or entity within a year from all sources, including wages, investments, and other forms of compensation.

Income Distribution

How income is spread across different sections of the population, often used to analyze economic inequality.