Information about the frequency of sales of a business inventory product's size or color can best be described by the:
A)mode.
B)mean.
C)median.
D)geometric mean.

Question

Quizplus · Accepted Answer

The mode represents the most frequently occurring value in a dataset. In this case, it would give insight into which size or color of the product is selling the most frequently, providing useful information for inventory management and restocking decisions. The mean, median, and geometric mean may also provide information, but they would not be as effective in identifying the most popular size or color.

Information About the Frequency of Sales of a Business Inventory