The Mode

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The Mode: it is the variable value that is full of the highest number of observations. Example: Target conducted a study on the psychological price of a new pen on the market. 4 people proposed 100 to 200fc; 19 people proposed 200 to 400fc and 7 people proposed more than 500fc. We will say that the modal class is [200 to 400].

Tuesday, December 14, 2021 - 08:38
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