In this article we will discuss about the relationship between mean, median and mode. Distribution of statistical data shows how often the values in the data set occur. A distribution is said to be symmetrical when the values of mean, median and mode are equal. That is, there is equal number of values on both […]
Relationship between Mean, Median and Mode | Statistics
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How to Calculate Mode? (With Examples, Formula, Merits & Demerits)
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Mode is the value that occurs with the greatest number of frequency. For example- if the given set of values are 2, 3, 2, 4, 5, 2, 3, 1, 6 the mode here would be 2 which appears thrice. However, when there are 2 or more values appearing with same frequencies then the mode is […]
How to Calculate Arithmetic Mean? | Statistics (With Formulas)
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In this article we will discuss about the calculation of simple and weighted arithmetic mean with the help of formulas. Arithmetic mean is a commonly used average to represent a data. It is obtained by simply adding all the values and dividing them by the number of items. Arithmetic mean can be a simple arithmetic […]