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Method of calculation of Mode
Calculation of Mode Individual series: For determining mode count the number of times the various values repeat themselves and the value occurring maximum number of times is the modal value. The more often the model value appears relatively the more valuable the measure is an average to represent data.
Note : Thus the process of determining mode in case individual observation essentially involves grouping of data.
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Hypothesis Building and Testing The foundation of hypothesis building lies in discovering links between elements of your data. CAQDAS can help you to discover these links
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RANGE Range is the difference between the highest and the lowest value is series. This is the simplest absolute measure of dispersion. Symbolically : R= L- S
MAX: 150 X1 + 250 X2 Subject to: 2 X1 + 5 X2 = 200 - resource 1 3 X1 + 7 X2 = 175 - resource 2 X1, X2 = 0 2. How many units of resource 1 are cons
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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