{"id":610,"date":"2020-01-27T07:44:06","date_gmt":"2020-01-27T07:44:06","guid":{"rendered":"https:\/\/bcisnotes.com\/thirdsemester\/?p=610"},"modified":"2020-02-01T08:35:08","modified_gmt":"2020-02-01T08:35:08","slug":"mode-measures-of-central-tendancy-bcis-notes","status":"publish","type":"post","link":"https:\/\/bcisnotes.com\/thirdsemester\/business-statistics\/mode-measures-of-central-tendancy-bcis-notes\/","title":{"rendered":"Mode || Measures of Central Tendancy || Bcis Notes"},"content":{"rendered":"<h2>Mode<\/h2>\n<p>It is also the major measure of central tendency. The dictionary meaning of the term mode is &#8216;most used&#8217;. Thus it is the value, which occurs more often or with the greatest frequency.<\/p>\n<p>It is suggested for the average of ideal sizes, pocket money and also for open-end classed. Those varied values that repeat the maximum number of times in a set.<\/p>\n<p>It has two main advantage:<\/p>\n<ol>\n<li>It does not require any calculation, as it involves counting.<\/li>\n<li>It can be used for qualitative as well as quantitative data sets.<\/li>\n<\/ol>\n<h4>Merits<\/h4>\n<ul>\n<li>It is easy to calculate and simple to understand.<\/li>\n<li>Sometimes, it can also be located by inspection.<\/li>\n<li>It can also be estimated graphically from a histogram.<\/li>\n<li>It can also be suggested for open-end classes for most repeated value.<\/li>\n<li>It is not disturbed by the largest and smallest observations.<\/li>\n<\/ul>\n<h4>Demerits<\/h4>\n<ul>\n<li>It is ill-defined i.e. not rigidly defined.<\/li>\n<li>It is not based upon all the observations.<\/li>\n<li>It is not suitable for further mathematical calculations.<\/li>\n<li>It is affected by the fluctuation of sampling.<\/li>\n<\/ul>\n<h3><span style=\"text-decoration: underline;\">For Discrete Series,<\/span><\/h3>\n<p>The mode is the corresponding value of varied of maximum frequency.<\/p>\n<h3><span style=\"text-decoration: underline;\">For Continuous Series,<\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-613\" src=\"https:\/\/bcisnotes.com\/thirdsemester\/wp-content\/uploads\/2020\/01\/vme_img_27012020_125739-300x46.png\" alt=\"Mode\" width=\"300\" height=\"46\" srcset=\"https:\/\/bcisnotes.com\/thirdsemester\/wp-content\/uploads\/2020\/01\/vme_img_27012020_125739-300x46.png 300w, https:\/\/bcisnotes.com\/thirdsemester\/wp-content\/uploads\/2020\/01\/vme_img_27012020_125739.png 417w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Where,<\/p>\n<p>l=Lower limit of modal class<\/p>\n<p>f1=Frequency of modal class<\/p>\n<p>f0=Frequency of the class preceding the model class<\/p>\n<p>f2=Frequency of the class following the model class<\/p>\n<p>h=Size of the class<\/p>\n<h2>Empirical Relation Between Mean, Median, and Mode<\/h2>\n<p>Mode = 3Median &#8211; 2Mean<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-614\" src=\"https:\/\/bcisnotes.com\/thirdsemester\/wp-content\/uploads\/2020\/01\/vme_img_27012020_130300.png\" alt=\"Empirical Relation\" width=\"231\" height=\"31\" \/><\/p>\n<p>You may also like:\u00a0<a href=\"https:\/\/bcisnotes.com\/thirdsemester\/business-statistics\/partition-values-measures-of-central-tendency-bcis-notes\/\" target=\"_blank\" rel=\"noopener noreferrer\">Partition Values\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Mode It is also the major measure of central tendency. The dictionary meaning of the term mode is &#8216;most used&#8217;. Thus it is the value, <a class=\"mh-excerpt-more\" href=\"https:\/\/bcisnotes.com\/thirdsemester\/business-statistics\/mode-measures-of-central-tendancy-bcis-notes\/\" title=\"Mode || Measures of Central Tendancy || Bcis Notes\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":4,"featured_media":615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mode || Measures of Central Tendancy || Bcis Notes<\/title>\n<meta name=\"description\" content=\"Mode is for the average of ideal sizes, pocket money and also for open-end classed. 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