The most frequently occurring value of a data set is called the

The most frequently occurring value of a data set is called the

a. range
b. mode
c. mean
d. median


Answer: b. mode

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Essentials of Statistics for Business and Economics Chapter 3

• The numerical value of the variance
• The coefficient of correlation
• The coefficient of correlation ranges between
• A numerical measure of linear association between two variables is the
• Positive values of covariance indicate
• A numerical measure of linear association between two variables is the
• The measure of dispersion which is not measured in the same units as the original data is the
• The variance of the sample
• The symbol σ2 is used to represent
• The symbol σ is used to represent
• Which of the following symbols represents the size of the sample
• Which of the following symbols represents the size of the population?
• The sum of deviations of the individual data elements from their mean is
• The variance can never be
• The coefficient of variation is
• The sample variance
• The numerical value of the standard deviation can never be
• The descriptive measure of dispersion that is based on the concept of a deviation about the mean is
• When should measures of location and dispersion be computed from grouped data rather than from individual data values?
• The measure of dispersion that is influenced most by extreme values is
• In computing descriptive statistics from grouped data,
• If the variance of a data set is correctly computed with the formula using n - 1 in the denominator, which of the following is true?
• The interquartile range is used as a measure of variability to overcome what difficulty of the range?
• Which of the following is not a measure of dispersion?
• When data are positively skewed, the mean will usually be

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