Mode in Statistics

Statistics

Definition The mode is defined as the value in the data, which occur the greatest number of times in an array of data. For example i. The mode of the values 2, 5, 7, 8, 9, 9 and 10 is 9 ii. The mode of the values 11, 12, 12, 14, 15, 15, 15, 17, 17 and 19 is 15....

Quartiles, Deciles and Percentiles

Frequency Distribution, Statistics

Introduction: In Statistics, we commonly encounter the concept of the median, which represents the middle value or mean of the two middle values in a dataset. However, there are other essential values that divide data into equal parts for more comprehensive analysis....

Mean and its Types in Statistics

Mean, Statistics

Averages Introduction We have already learned that it is difficult to learn anything from the raw unless and until the data is arranged in proper manner. When the data have been arranged into a frequency distribution, the information contained in the data could be...

Types of Frequency Distribution

Frequency Distribution, Statistics

Introduction Frequency distribution table can be presented in various ways, depending upon the usage and utilization of the data. Frequency distribution is divided into several kinds also due to nature of raw data. Much useful information can be inferred from the...

Frequency Distribution

Frequency Distribution, Statistics

Introduction Before preparing frequency distribution it is necessary to collect data of the required nature from the various sources. The data collected is always in raw form which is needed to be arranged in a proper arrangement for the purpose of inferring the...

Basic Economic Goals of a Country

Basic Economics Goals, Current Economics, Macroeconomics, Statistics

All the countries around the world have certain targets for becoming an ideal and economically stable nation. Countries strive hard to achieve such targets or goals. Each country has its own issues associated with various factors that halt its development and growth....