Please check my answers and let me know if I am correct thanks.
1. Determine the mode from the following numbers:
71,3,13,33,3,71,14,33,13,3
A. 13
B. 3
C. 71
D. 33 My answer
2. Today the price of a Jeep is $25,000. In 1970, the price of a jeep was $5,000. What’s the price relative?
A. $166
B. $500 My answer
C. $550
D. $600
1. To determine the mode from a list of numbers, you need to find the number that appears most frequently.
For the given list: 71, 3, 13, 33, 3, 71, 14, 33, 13, 3
To find the mode, count the frequency of each number:
71 appears twice
3 appears three times
13 appears twice
33 appears twice
14 appears once
Based on the frequency, the number 3 appears most frequently, so the correct answer is B. 3.
2. To calculate the price relative, you need to compare the price of the Jeep in 1970 to the price of the Jeep today.
The formula for price relative is:
((New Price - Old Price) / Old Price) * 100
Using the given information:
Old Price = $5,000
New Price = $25,000
((25,000 - 5,000) / 5,000) * 100 = (20,000 / 5,000) * 100 = 400 * 100 = 40,000
The correct answer is not listed in the options. The price relative is 40,000%.