Answer on Question #46485 – Math – Statistics and Probability
Problem.
List the merits and demerits of the mode as a measure of central tendency as compared to mean.
Solution.
Merits
- Very quick and easy to determine (to compute mean we should find sum and divide it by number of values);
- Is an actual value of the data (the mean is an approximated value of the data).
Demerits
- Can be not very informative (the mean is value that we can expect, as mode is the most popular value).
- Can change dramatically from sample to sample (the mean from sample to sample are close to each other).
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