Study the following information carefully to answer the given questions:
In the certain code language:
“All the time” is coded as “2 1 4”
“The way home” is coded as “7 8 2”
“Home is far” is coded as “3 5 8”

What is the code of the word “Way”?

The correct option is 7.

To find the code for the word "Way", let us analyze the given coded statements step-by-step:

1. "All the time" is coded as "2 1 4"
2. "The way home" is coded as "7 8 2"
3. "Home is far" is coded as "3 5 8"

Step 1: Find the code for "The"
Comparing Statement 1 ("All the time" = "2 1 4") and Statement 2 ("The way home" = "7 8 2"):
The common word between Statement 1 and Statement 2 is "The".
The common number code between "2 1 4" and "7 8 2" is 2.
Therefore, the code for "The" is 2.

Step 2: Find the code for "Home"
Comparing Statement 2 ("The way home" = "7 8 2") and Statement 3 ("Home is far" = "3 5 8"):
The common word between Statement 2 and Statement 3 is "Home".
The common number code between "7 8 2" and "3 5 8" is 8.
Therefore, the code for "Home" is 8.

Step 3: Find the code for "Way"
Now, look at Statement 2: "The way home" = "7 8 2".
From Step 1, we know "The" = 2.
From Step 2, we know "Home" = 8.
The remaining word in Statement 2 is "Way", and the remaining code is 7.

Hence, the code for the word "Way" is 7.