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Advantages of Mode
a.It is easy to understand as well as easy to calculate. In can be found out by inspection.
b.It is usually an exacta value as it occurs most frequently in the series.
c.It is not affected b extreme values as in the average.
d.It is simple and precise.
e.It is the most representative average.
f. The value of mode can be determined by the graphic methods.
g. Its values can be determined in an open end class interval without ascertaining the class limits.
Periodical Article A periodical is a publication that is published periodically like a newspaper a magazine and a journal. Usually periodicals have volume numbers and n
mile-high microbrewery makes a light beer and a dark beer. mile-high has a limited supply of barley, limited bottling capacity, and a limited market for light beer. profits are $0.
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Some areas of applications are Purchasing, Procurement and Exploration Quantities and timing of purchase Replacement policies Rules for buying, supplies Finance, Budgeting and Inv
Uses of Mode The use of the mode is recommended in the following situations: a.When a quick and approximate measures of central tendency desired. b.When the measure
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#question. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grad
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