In Pablo's sales data set, what is the mode price of the homes sold?

The mode is a statistical term that identifies the value that appears most frequently in a data set. When looking at Pablo's sales data set to determine the mode price of the homes sold, it's crucial to identify which price occurred most often.

In this case, if the mode price is identified as $223,000, that means throughout the data set of home sales, $223,000 was the price that occurred more frequently than any other price. This frequency establishes it as the mode, making it the most common sale price in Pablo's dataset.

The other prices, although part of the selection, did not appear as frequently as $223,000. This differentiation in frequency is essential to recognize because the mode is strictly determined by the number of occurrences of each value within the dataset, and not by their numeric value or positioning among the other prices. Understanding this concept emphasizes the importance of frequency in determining statistical measures like the mode.