The company financial officer was interested in the average cost of PCs that had been purchased in the past six months.A random sample of the price of 10 computers was taken with the following results: $3,250,$1,127,$2,995,$3,250,$3,445,$3,449,$1,482,$6,120,$3,009,$4,000 What is the mode?
A)3447
B)3213
C)3250
D)6120
E)3445

Question

Quizplus · Accepted Answer

The mode is the value that appears most frequently in the data set. In this case, the value of $3,250 appears twice, which is more than any other value. Therefore, the mode is $3,250.

The Company Financial Officer Was Interested in the Average Cost