Question

whs mathematics of personal finance t1
income data
the circle graph shows the distribution of weekly income earned among students. what is the mode income earned by the students?
pie chart: income earned among students, with $50 (10%), $100 (25%), $150 (15%), $200 (20%), $250 (30%)

Explanation:

Step1: Recall the definition of mode

The mode is the value that appears most frequently in a data set. In the context of a pie chart showing the percentage distribution of weekly incomes, the mode will correspond to the income category with the highest percentage of students.

Step2: Compare the percentages

We have the following percentages for each income:

• $50: 10%
• $100: 25%
• $150: 15%
• $200: 20%
• $250: 30%

We compare these percentages: 10% < 15% < 20% < 25% < 30%. The highest percentage is 30%, which corresponds to the income of $250.

Answer:

\$250