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

Standardizing normal variables, Standardizing Normal Variables Suppose ...

Standardizing Normal Variables Suppose we have a normal population. We can represent it by a normal variable X. Further, we can convert any value of X into a corresponding valu

Systems of equations revisited, Systems of Equations Revisited We requ...

Systems of Equations Revisited We require doing a quick revisit of systems of equations. Let's establish with a general system of equations. a 11 x 1 + a 12 x 2 +......

Estimate how long did michael practice- algebra, Suppose that the number of...

Suppose that the number of hours Katie spent practicing soccer is represented through x. Michael practiced 4 hours more than 2 times the number of hours that Katie practiced. How l

Evaluating the function at the point of limit, Calculate the value of the f...

Calculate the value of the following limit. Solution: This first time through we will employ only the properties above to calculate the limit. Firstly we will employ prop

Interval of validity, The interval of validity for an IVP along with initia...

The interval of validity for an IVP along with initial conditions: y(t 0 ) = y 0 or/and y (k) (t 0 ) = y k There is the largest possible interval on that the solution is va

Slope-intercept form, Slope-intercept form The ultimate special form of...

Slope-intercept form The ultimate special form of the equation of the line is possibly the one that most people are familiar with.  It is the slope-intercept form.  In this if

Probability, There are 20 defective bulbs in a box of 100 bulbs.if 10bulbs ...

There are 20 defective bulbs in a box of 100 bulbs.if 10bulbs are choosen at random then what is the probability of there are just 3defective bulbs

Two tailed tests, Two Tailed Tests A two tailed test is generally used ...

Two Tailed Tests A two tailed test is generally used in statistical work as tests of significance for illustration, if a complaint lodged by the client is about a product not m

Determine the exterior angle, Using the sketch below and the fact that ∠A +...

Using the sketch below and the fact that ∠A + ∠B + ∠C + ∠D = 325, Determine m∠E.   a. 81° b. 35° c. 25° d. 75° b. The addition of the measures of the exterio

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