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Measures of Central Tendency — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMeasures of Central Tendency4 Marks
Question
Define Mode. Discuss its merits and demerits.
✓

Answer

Mode is the most frequent item in the series.
Merits:
  1. It is easy to calculate and simple to understand.
  2. It is not affected by the extreme values.
  3. The value of mode can be can be determined graphically.
  4. Its value can be determined in case of open-end class interval.
  5. The mode is the most representative of the distribution.
Demerits:
  1. It is not suitable for further mathematical treatments.
  2. The value of mode can not always be determined.
  3. The value of mode is not based on each and every items of the series.
  4. The mode is strictly defined.
  5. It is difficult to calculate when one of the observations is zero or the sum of the observations is zero.

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