The following values illustrate the annual incomes among a group of households in a particular community.
$62,000.00 $84,000.00
$72,000.00 $187,000.00
$295,000.00 $32,000.00
$48,000.00 $64,000.00
$98,000.00 $92,000.00
Required:
a. What is the mode of the distribution?
b. What is the relative frequency of households with an income over $100,000.00?