Statistics: Mode

| Monthly Income (in Dollars) | Number of households | |-----------------------------|----------------------| | 3,000 | 3,273 | | 3,250 | 3,126 | | 3,500 | 3,086 | | 3,750 | 2,974 | The table shows incomes of households in a small town rounded to the nearest $250. What is the mode of the listed incomes?
Incorrect. [[snippet]] This is a trap option. The number 3,273 is not the mode but rather the __number of households__ with an income of 3,000. Since the question asked for the mode of the listed incomes, the answer has to be an income (i.e., one of the numbers in the left column).
Incorrect. [[snippet]]
Incorrect. [[snippet]]
Incorrect. [[snippet]]
Correct. [[snippet]] The number 3,000 is the monthly income of most households in the list. Hence, 3,000 is the mode.
3,000
3,250
3,273
3,500
3,750

The quickest way to get into your dream MBA

Adaptive learning technology

5000+ practice questions

7 simulation exams

Industry-Leading Score Guarantee

Save 100+ hours of your life

iOS and Android apps

Tablet device with “GMAT Prep | Bloomberg Exam Prep” app