BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mean
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Median
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Mode
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Range
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Detailed explanation-1: -The value occurring most frequently in a set of observations is its mode. In other words, the mode of data is the observation having the highest frequency in a set of data.
Detailed explanation-2: -The class interval with the highest frequency is called the modal class.
Detailed explanation-3: -The value that appears most frequently in a set is known as the mode. Aside from the mean and median, it’s one of three measures of central tendency i.e. a mode or modal value is a value or number that appears often in a data collection.
Detailed explanation-4: -What is mode from a frequency table? Mode from a frequency table is where we find the mode average from a data set which has been organised into a frequency table. E.g. Mode is the most common number, in order to find the mode we need to identify the item in the frequency table with the highest frequency.
Detailed explanation-5: -Mode: The most frequent number-that is, the number that occurs the highest number of times. Example: The mode of 4, 2, 4, 3, 2, 2 is 2 because it occurs three times, which is more than any other number.