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Q.Explain the concept of Mode.

Telangana TsbieTSBIE Telangana Intermediate (1st Year) Commerce Board 2022Subjective· 2mImportance★★★★★est
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The Mode is the value that occurs most frequently in a data set, i.e. the item with the maximum frequency. It represents the most common or most typical value of the series. In a discrete series it is the value with the highest frequency; in a continuous (grouped) series it lies in the class with the highest frequency (the modal class) and is calculated by an interpolation formula. The mode is widely used in business for finding the most popular size, brand or demand.

Meaning of Mode

The mode is the value around which the items of a series tend to concentrate most — the value that appears the greatest number of times. It is derived from the French word 'la mode', meaning fashion, because it shows the most fashionable or most common value.

Example: In the series 2, 3, 3, 5, 3, 7, the value 3 occurs three times, more than any other value, so the mode is 3.

Features / Uses

  1. It is the most frequently occurring value (highest frequency).
  2. It represents the most typical/common item of the data. …

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