Each of a sample of 176 residents selected from a small town is asked how much money he or she spent last week on state lottery tickets. 130 of the residents responded with $0. The mean expenditure for the remaining residents was $21. The largest expenditure was $210. Step 3 of 5: What is the mode of the data?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter4A: Problems In Applying The Linear Regression Model
Section: Chapter Questions
Problem 5E
Question
Each of a sample of 176 residents selected from a small town is asked how much money he or she spent last week on state lottery tickets. 130 of the residents
responded with $0. The mean expenditure for the remaining residents was $21. The largest expenditure was $210.
Step 3 of 5: What is the mode of the data?
Transcribed Image Text:Each of a sample of 176 residents selected from a small town is asked how much money he or she spent last week on state lottery tickets. 130 of the residents responded with $0. The mean expenditure for the remaining residents was $21. The largest expenditure was $210. Step 3 of 5: What is the mode of the data?
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