Practise IB Business Management SL/HL 6.1.7 by applying descriptive statistics concepts to exam-style questions.
HSM Bakery Ltd. (HSM)
HSM Bakery Ltd. (HSM), a privately held company, produces baked goods (bread, cakes, and cookies), which are sold to shops.
In recent years, HSM has broadened its target market by producing a range of gluten-free cakes.
The production of HSM's cakes for six months in 2023 are shown in Table 4.
Table 4: Number of cakes produced by HSM, June-November 2023 (in millions)
Using Table 4, determine the mode value of HSM's production of cakes (no working required).
Figure 3 and Figure 4 show HSM's sales revenue from all of its baked goods (bread, cakes, and cookies) for 2023 and 2024.
Figure 3: HSM's sales revenue from bread, cakes, and cookies for 2023 (in \$ millions)
Key:
Cookies
Cakes
Bread
Figure 4: HSM's sales revenue from bread, cakes, and cookies for 2024 (in \$ millions)
Key:
Cookies
Cakes
Bread