Demerits and merit-the mode, Mathematics

Assignment Help:

The mode

Merits

i.  This can be determined from incomplete data given the observations along with the highest frequency are already known

ii.  The mode has some applications in business

iii.  The mode can be simply defined

iv.  This can be determined simply from a graph

Demerits

i.  If the data is quite ungrouped and large, determination of the mode can be rather cumbersome

ii. Employ of the formula to calculate the mode is unfamiliar to most business people

iii. The mode may occasionally be non-existent or there may be two modes for a described set of data. Hence in such a case a single mode may not exist


Related Discussions:- Demerits and merit-the mode

Wants to Join as expert, Hi.. This is dinesh kumar I just joined experminds...

Hi.. This is dinesh kumar I just joined experminds.com , i wamt to receive assignment in maths and want to complete students assignment within time. Please help me how i can become

Quadrilateral, similarities between rectangle & parallelogram

similarities between rectangle & parallelogram

How much will she owe the fabulous fence company, Kelly plans to fence in h...

Kelly plans to fence in her yard. The Fabulous Fence Company charges $3.25 per foot of fencing and $15.75 an hour for labor. If Kelly requires 350 feet of fencing and the installer

Average, A boy covered half of distance at 20km/hr and rest at 40kmlhr. cal...

A boy covered half of distance at 20km/hr and rest at 40kmlhr. calculate his average speed.

Precalculus, Find the standard form of the equation of the parabola with a ...

Find the standard form of the equation of the parabola with a vertex at the origin and a focus at (0, -7).

Economics, A mortgage lender seeks to maximize the expected value of its po...

A mortgage lender seeks to maximize the expected value of its portfolio. The portfolio, of course, is the sum of all of the mortgages in it, so no generality is lost by examining t

Determine the circumference, If Gretta's bicycle has a 25-inch radius wheel...

If Gretta's bicycle has a 25-inch radius wheel, how far will she travel in two turns of the wheel? (π = 3.14) a. 491 in b. 78.5 in c. 100 in d. 157 in d. To determin

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd