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:

Return percentageNumber of managers

Estimate the mode for this data set.

Correct answer:

m =  20.89

Step-by-step explanation:

20m30  8 5+18 15+21 25+7 35+2 45=m (8+18+21+7+2)  56m=1170  m=561170=20.89285714  m=2858520.892857=20.89

Did you find an error or inaccuracy? Feel free to write us. Thank you!

Tips for related online calculators
Looking for help with calculating arithmetic mean?
Looking for a statistical calculator?
Do you have a linear equation or system of equations and looking for its solution? Or do you have a quadratic equation?

You need to know the following knowledge to solve this word math problem:

We encourage you to watch this tutorial video on this math problem: video1   video2

Related math problems and questions: