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

Hasse diagram, The digraph D for a relation R on V = {1, 2, 3, 4} is shown ...

The digraph D for a relation R on V = {1, 2, 3, 4} is shown below (a) show that (V,R) is a poset. (b) Draw its Hasse diagram. (c) Give a total order that have R.

Decimals, how to make 2.3 into a fraction?

how to make 2.3 into a fraction?

Solve out the linear equations, Solve out each of the following equations. ...

Solve out each of the following equations.                3( x + 5)= 2 ( -6 - x ) - 2x Solution In the given problems we will explained in detail the first problem and t

Metric and costamary, can you please help me with this topic that im on in ...

can you please help me with this topic that im on in classand I just don''t get it and can u help me with dividing fractions adding mutply subtract add

Fractions, is 1 and 1/2+2 and 1/7 3 and 9/4

is 1 and 1/2+2 and 1/7 3 and 9/4

Build an equation for a hyperboloid of two sheets, 1. Build an equation for...

1. Build an equation for a hyperboloid of two sheets with the following properties: a. The central axis of the hyperboloid is the y-axis b. The two sheets are 4 units apart, an

Illustrate median with example, Q. Illustrate Median with example? Ans...

Q. Illustrate Median with example? Ans. The median of a data set is the middle value (or the average of the two middle terms if there are an even number of data values) wh

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

Find the probability density function, 1. The lifetime T (in days) of an el...

1. The lifetime T (in days) of an electrical component has reliability function given by: R(t) = e -0.01t for time t > 0. An electrical system consists of four such components. Th

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