Login

Create Account
+14156709189
info@expertsmind.com
Submit Homework/Assignment
Get quote & make Payment
Get Solution
Disadvantages of mode, Applied Statistics
Disadvantages
The value of mode cannot always be determined. In some cases we may have a bimodal series.
It is not capable of algebraic manipulations. For example, from the modes of two sets of data we cannot calculate the overall mode of the combined data. Similarly, the modal wage times the number of workers will not give the total payroll except, of course, when the distribution is normal and then the mean, median and mode are all equal.
The value of mode is not based on each and every item of the series.
It is not a rigidly defined measure. There are several formulae for calculating the mode, all of which usually give somewhat different answers. In fact, mode is the most unstable average and its value is difficult to determine.
While dealing with quantitative data, the disadvantages of the mode outweigh its good features and hence it is seldom used.
Posted Date: 9/14/2012 2:22:07 AM  Location : United States
Ask an Expert
Related Discussions:
Disadvantages of mode, Assignment Help, Ask Question on Disadvantages of mode, Get Answer, Expert's Help, Disadvantages of mode Discussions
Write discussion on Disadvantages of mode
Your posts are moderated
Write your message here..
Related Questions
Nonsampling errors, Statistics Can Lead to Errors The use of st...
Statistics Can Lead to Errors The use of statistics can often lead to wrong conclusions or wrong estimates. For example, we may want to find out the average savings by i
Standard deviation , Standard Deviation The concept of standard deviat...
Standard Deviation The concept of standard deviation was first introduced by Karl Pearson in 1893. The standard deviation is the most important and the popular measure of disp
Sample, types of sampling method
types of sampling method
Optimal number of cluster, Try different numbers of clusters in your progra...
Try different numbers of clusters in your program (K=2...15) and build a plot that shows the dependency between number K and value of RSS function on the last iteration. What is th
Heteroskedasticconsistent standard errors, The following table shows the r...
The following table shows the results of fitting a linear regression model of starting annual salaries on a constant, GPA (4 point scale), and a variable (Metrics =1) indicating wh
Geometric mean, Geometric Mean is defined as the n th root of the ...
Geometric Mean is defined as the n th root of the product of numbers to be averaged. The geometric mean of numbers X 1 , X 2 , X 3 .....X n is given as
Genmod procedure, The following dataset is from a study of the effects of s...
The following dataset is from a study of the effects of second hand smoking in Baltimore, MD, and Washington, DC. For the 25 children involved in this study the outcome variable is
Descriptive statistics for every stock, Simple Linear Regression One ca...
Simple Linear Regression One calculate of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over
Time series, what is the use of applied statistic in our daily routin life
what is the use of applied statistic in our daily routin life
Rank correlation, Rank Correlation Sometimes the characteristics whose ...
Rank Correlation Sometimes the characteristics whose possible correlation is being investigated, cannot be measured but individuals can only be ranked on the basis of the chara
Assignment Help
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
ExpertsMind Services
Online Tutoring
Projects Assistance
Exam Preparation
Coursework Help
Programming Courses
Engineering Courses
Why Us ?
~Experienced Tutors
~24x7 hrs Support
~Plagiarism Free
~Quality of Work
~Time on Delivery
~Privacy of Work