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.