CA Foundation · Quantitative Aptitude · Measures of Central Tendency and Dispersion
A company recorded the following daily sales (in ₹ thousands) over 9 days: 85, 92, 78, 85, 88, 85, 95, 82, 90. What is the modal value of daily sales?
The mode is ₹85 thousand, as this value appears three times in the dataset, more frequently than any other value. Mode identifies the most typical or commonly occurring observation.
- A85Correct
- B88
- C90
- D92
Explanation
Count the frequency of each value: 85 appears three times, 78, 82, 88, 90, 92, 95 each appear once. The mode is the value with the highest frequency. Here, 85 is the most frequently occurring value. Option 2 and 3 are distractors representing other sales values.
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