Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Applied Statistics Expert

 

Disadvantages

  1. The value of mode cannot always be determined. In some cases we may have a bimodal series.
  2. It is not capable of algebraic manipulations. For example, from the modes of two sets of data we cannot calculate the overall mode of the combined data. Similarly, the modal wage times the number of workers will not give the total payroll except, of course, when the distribution is normal and then the mean, median and mode are all equal.
  3. The value of mode is not based on each and every item of the series.
  4. It is not a rigidly defined measure. There are several formulae for calculating the mode, all of which usually give somewhat different answers. In fact, mode is the most unstable average and its value is difficult to determine.
  5. While dealing with quantitative data, the disadvantages of the mode outweigh its good features and hence it is seldom used.

 

Applied Statistics, Statistics

  • Category:- Applied Statistics
  • Reference No.:- M9507583

Have any Question?


Related Questions in Applied Statistics

Business statistics assignment -the purpose of this

Business Statistics Assignment - The purpose of this assignment is to improve your understanding in choosing between and using methods to assess the relationship between variables and make comparisons across different se ...

Go to the institute for healthcare improvement ihi website

Go to the Institute for Healthcare Improvement (IHI) website for their Improvement Map (URL located in the Webliography). Select an improvement process of your choice. Present at least 3 quality paragraphs to the class a ...

Business data analysis facts from figures assignment

BUSINESS DATA ANALYSIS: FACTS FROM FIGURES Assignment - Question 1 - Private capital expenditure for 12 successive quarters are presented in the following table: Quarter Millions     1 31,920 2 25,120 3 30,350 4 24,650 5 ...

Assignment -in this assignment ms excel must be used to

Assignment - In this assignment MS Excel must be used to perform any calculations/graphical presentations as required in this assignment. Question 1 - Below you are given the examination scores of 20 students (data set a ...

Business statistics project assignment -there will be two

BUSINESS STATISTICS PROJECT ASSIGNMENT - There will be two parts to this assignment: Part A: Group Work (A Business Report) Part B: Individual Reflective Piece (A Ministerial Brief) The response to Part A must be provide ...

Go to the webliography source for the national cancer

Go to the Webliography source for the National Cancer Institute's Surveillance, Epidemiology, and End Results (SEER) Program. In the Fast Stats, create your own cancer statistical report, "Stratified by Data Type," and u ...

Assignment -a psychologist was interested in evaluating the

Assignment - A psychologist was interested in evaluating the effectiveness of a domestic violence prevention program in changing attitudes towards domestic violence in a sample of high school students. The psychologist r ...

Using minitab to construct linear regression modelsscatter

Using Minitab to Construct Linear Regression Models Scatter Plot To obtain a simple scatter plot using Minitab: One of the first steps in the analysis of the study data is to create a scatter plot that compares the quant ...

Medical and applied physiology experimental report

Medical and Applied Physiology Experimental Report Assignment - Title - Compare the working and spatial memory by EEG. 30 students were tested (2 memory games were played to test their memory - a card game and a number g ...

Business analytics and statistics research report -this

Business Analytics and Statistics Research Report - This assignment is based on fictional data. You are creating a business report for the CEO of a retail company called, Athlete Panda. It must be professional in present ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As