In a certain community, the median per-family annual income is $80,000. The
Mean per-family income is $100,000, whereas the mode is $71,000.
-the annual income achieved by most of the families is

Question

In a certain community, the median per-family annual income is $80,000.  The 
Mean per-family income is $100,000, whereas the mode is $71,000.
-the annual income achieved by most of the families is

Quizplus · Accepted Answer

The mode is defined as the value that appears most frequently in the dataset. Therefore, $71,000 is the value that occurs most frequently in this community. 
The median is the middle value when the dataset is arranged in increasing order. Since the median income is $80,000, it means that half of the families make more than $80,000 and half make less. 
The mean is the sum of all values divided by the number of values. In this case, the mean income is $100,000. The fact that the mean income is larger than the median income suggests that there are some families earning much more than the others, pulling the mean up.

Based on this information, we can conclude that the income achieved by most families in this community is $71,000, which is the mode.

In a Certain Community, the Median Per-Family Annual Income Is