Regarding the Mode,which of the Following Statements Is FALSE

question 19

Multiple Choice

Regarding the mode,which of the following statements is FALSE?

• A)The mode is usually easy to obtain.
• B)The mode's advantage is that it gives the score actually obtained by the greatest number of people.
• C)The mode is the most used measure of variability.
• D)The mode can be an unreliable measure,especially in a small group of scores.

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Definitions:

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market, including high startup costs, strict regulations, or strong incumbents.

Excess Capacity

The situation where a firm or economy can produce more goods or services than currently produced, indicating under-utilization of resources.

Marginal Costs

The additional cost incurred by producing one more unit of a product, which can vary as production scales.

Diseconomies of Scale

A situation where an increase in production leads to higher average costs for firms, contrary to economies of scale.