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QuizMultiple Choice

Business Summary Statistics

Question 1 • FowU - Financial Math - B

What are the mean, median, and mode of the following data set? 3/4 2/5 1/10 3/4 1/4

Answer
A
mean: 1/10, median: 1/10, mode: 3/4
B
mean: 9/20, median: 1/10, mode: 3/4
C
mean: 9/20, median: 2/5, mode: 3/4
D
mean: 2/5, median: 4/9, mode: 3/4

Explanation

The fractions in order are 1/10, 1/4, 2/5, 3/4, and 3/4, so the middle value—and therefore the median—is 2/5. The sum is 9/4, and dividing by 5 gives a mean of 9/20. Since 3/4 appears twice while every other value appears once, the mode is 3/4. This matches choice C.

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