Merits and demerits of mode
WebMerits of Mode: 1. It can be easily observed from the data. 2. It is easy to compute. 3. It is unaffected by extreme values. 4. Mode can be determined even if the … Web26 apr. 2024 · Advantages and disadvantages of a partnership business 1 Less formal with fewer legal obligations. 2 Easy to get started. 3 Sharing the burden. 4 Access to knowledge, skills, experience and contacts. 5 Better decision-making. 6 Privacy. 7 Ownership and control are combined. 8 More partners, more capital. What is mean and merits and …
Merits and demerits of mode
Did you know?
Web18 aug. 2024 · Write merits and demerits of mode. 1. It is commonly understood and used in our daily life. When we talk of the popular size of the common height, etc. we refer to mode. 2. It is easy to compute and its calculation does not involve tedious processes. It can be located merely by inspection in a discrete series. 3. WebSharpeFinancials on Instagram: "We are back with another video ⭐ Mental ...
WebMerits of Mode: (1) Simple and popular: - Mode is very simple measure of central tendency. Sometimes, just at the series is enough to locate the model value. Because of its simplicity, it s a very popular measure of the central tendency. (2) Less effect of marginal values: - Compared top mean, mode is less affected by marginal values in the series. Web21 okt. 2009 · Following are the various demerits of mode: (1) Uncertain and vague: - Mode is an uncertain and vague measure of the central tendency. (2) Not capable of algebraic treatment: - Unlike mean, mode is not capable of further algebraic treatment. (3) Difficult: - With frequencies of all items are identical, it is difficult to identify the modal value.
WebMerits or Uses of Mode: 1. Mode is the term that occur most in the series hence it is not an isolated value like Median nor it is value like mean that may not be there in the series. 2. It is not affected by extreme values hence is a good representative of the … Web30 jun. 2014 · Merits of Mode: 1. Easy to calculate & understand. 2. Not affected by extreme value. 3. Mode can be found by both qualitative & quantitative data. Demerits of Mode: 1. Some times no mode or more then one mode in a given set of distribution. 2. Not used for further mathematical calculation. 3. Not commonly used. 13. Examples of …
Web6 apr. 2024 · A Computer Science portal for geeks. It contains well written, well thought and well explained computer science and programming articles, quizzes and practice/competitive programming/company interview Questions.
WebMerits of Mode: 1) It possesses the merit of simplicity. In a discrete series it can be located even by inspection. Hence like median it has an advantage over arithmetic … heni publishingWebDemerits of mode: Following are the various demerits of mode: (1) Uncertain and vague: - Mode is an uncertain and vague measure of the central tendency. (2) Not capable of … henip twitterWebQ.2. Explain the merits and demerits of median. Answer: (A) Some merits of median are: (1) Easy to calculate and understand It is easy to calculate and simple to understand. In … henip youtube