Advantages Or Merits Of Mode
The Main advantages of mode can be studied as follows:
1. Simple And Easy Method
Mode can be easily computed and understood. In some cases, it can be obtained simply by inspection without doing mathematical calculation.
2. No Effect
Mode will not be affected by extreme observation or values.
3. Widely Used Method
Mode is most commonly used technique of computing average like average wages of employees, average marks of students etc.
4. Suitable For Open End Frequency
Mode can be easily obtained for open end distribution.
3. Not Suitable For Algebraic Treatment
5. Graphic Representation
Mode can be located and represented graphically.
6. Mode can be determined without knowing all the values in the series.
Also Read:
Also Read:
Disadvantages/Demerits Of Mode
The major drawbacks or disadvantages of mode can be studied as follows:
1. Not Well Defined
Mode cannot be clearly defined in case of multi-model series.
2. Not Based On All Values
Mode is not based on all values of the series.
Mode is not applicable for further statistical analysis and algebraic calculation.
4. Fluctuation
Mode is highly affected by fluctuation in sampling as compared to mean and median.
Pros And Cons Of Mode In Short
Pros:
- It can be determined easily just by inspecting the set of data
- Very easy to understand
- It is not affected by extreme values like arithmetic mean
- It is suitable for open end frequency
Cons:
- It is not clearly defined
- It is affected by sampling fluctuations
- It is not useful for further algebraic treatment
- It does not consider all the values in the series
