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

Example of log rules, Example of Log Rules: Y = ½ gt 2 where g = 32 ...

Example of Log Rules: Y = ½ gt 2 where g = 32 Solution: y = 16 t 2 Find y for t = 10 using logs. log y = log 10     (16 t 2 ) log 10 y = log 10 16 + log 10

Word or term for, An irregular perimeter to the circumference of a circle s...

An irregular perimeter to the circumference of a circle such as a protrusion

Matrix, matrix of [1 4 ] [a b]=4/9

matrix of [1 4 ] [a b]=4/9

X and y -intercept, X-intercept  If an intercept crosses the x-axis we ...

X-intercept  If an intercept crosses the x-axis we will call it as x-intercept .  Y-intercept Similar, if an intercept crosses the y-axis we will call it as a y-inter

Determine the angle in hexagonal-shaped nut, The figure provided below show...

The figure provided below shows a hexagonal-shaped nut. What is the measure of ∠ABC?   a. 120° b. 135° c. 108° d. 144° a. The measure of an angle of a regula

Elimination technique of linear equations, What is the Elimination techniqu...

What is the Elimination technique of Linear Equations?

Example of exponential smoothing, Example of Exponential Smoothing ...

Example of Exponential Smoothing By using the previous example and smoothing constant 0.3 generate monthly forecasts Months Sales Forecast

Systems of differential equations, For this point we've only looked as solv...

For this point we've only looked as solving particular differential equations. Though, many "real life" situations are governed through a system of differential equations. See the

Need answer!, what is the basic unit of weight in the metric system?

what is the basic unit of weight in the metric system?

Marketing management , #How are Indian customers visiting Shoppers’ Stop an...

#How are Indian customers visiting Shoppers’ Stop any different from customers of developed western countries?

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