tag:blogger.com,1999:blog-123604111616439794.post1301704922235609245..comments2020-10-05T09:21:10.019-07:00Comments on Statistics for Business and Economics: The ModeChuck Stullhttp://www.blogger.com/profile/16764698108162760118noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-123604111616439794.post-18595803752484616292011-04-17T16:14:09.879-07:002011-04-17T16:14:09.879-07:00Advantages:
-It works for qualitative data
-Easy t...Advantages:<br />-It works for qualitative data<br />-Easy to calculate and find within data.<br />-Is not sensitive to exteme values.<br />Disadvantages:<br />-Does not always exist in a given data set.<br />-There can be more than one mode.<br />-The mode doesn't reflect all data values.Jordan Lewishttps://www.blogger.com/profile/08140132420556318225noreply@blogger.com