Excel's __________ Function Can Be Used to Compute the Mode

question 83

Multiple Choice

Excel's __________ function can be used to compute the mode.

• A)MAX
• B)AVERAGE
• C)MEDIAN
• D)MODE.SNGL

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Definitions:

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the average cost per unit of output.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Marginal Cost

The escalation in cumulative price involved in fabricating one extra unit of a product or service.

Average Revenue

The amount of income generated per unit of sale or service offered, calculated by dividing total revenue by the number of units sold.