Refer to the Information Provided in Figure 13

question 79

Multiple Choice

Refer to the information provided in Figure 13.4 below to answer the questions that follow. Figure 13.4
-Refer to Figure 13.4. This firm's total revenue will be maximized at a price of

• A) $12.
• B) $10.
• C) $8.
• D) $6.

---

Definitions:

Set Of Data

A collection of values or observations that can be analyzed statistically.

Mode

The most common number found in a given set of data, marked by the greatest peak on a frequency distribution chart.

Frequency Distribution

A summary of how often various values occur in a data set, often represented in a table or graph.

Mode

The value that occurs most frequently in a given set of data, used as a measure of central tendency.