Estimate the mode
A medium-sized asset management firm has 56 fund managers. Each of these managers has its own portfolio. The percentage returns from the managers' portfolios are shown in the table below:
Estimate the mode for this data set.
| Return percentage | Number of managers |
|---|---|
| 0-10 | 8 |
| 10-20 | 18 |
| 20-30 | 21 |
| 30-40 | 7 |
| 40-50 | 2 |
Estimate the mode for this data set.
Correct answer:
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