Business statistics

Chapter 3. Descriptive Statistics: Numerical Measures

3.1. Measures of Location

Mode

• Situations can arise for which the greatest frequency occurs at two or more different values. In these instances more than one mode exists. If the data contain exactly two modes, we say that the data are bimodal.
• If data contain more than two modes, we say that the data are multimodal. In multimodal cases the mode is almost never reported because listing three or more modes would not be particularly helpful in describing a location for the data.