Mode is the best representative value of all items of the series because it is that value which occurs most frequently in the series. State 4 advantages of Mode in the context of above statement
Mode is the best representative value of all items of the series because:
(i) It is easy to calculate and can be easily understood. It can be located by inspection only.
(ii) It is not affected by the extreme values in a series.
(iii) It can be calculated even in case of open-end classes.
(iv) Mode helps in describing the qualitative aspects of phenomenon.