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Merits and Demerits of Mode

Merits of Mode :-
1. By definition, mode is the most typical or representative value of a distribution. The mode is the most frequently occurring value. If the modal wage in a factory in Rs. 916, it means more workers receive Rs. 916 than any other wage.

2. Mode is not unduly affected by extreme values. It can be used to describe qualitative phenomenon. For example, if we want to compare consumer preference for different types of products say soaps, we will find out modal preferences expressed by different groups of people.

Demerits of Mode :-
1.The value of mode cannot always be determined. In some cases we have bi-modal or multi modal series.

2. The value of mode is not based on each and every item of the series.


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