Mode is an average of position. It is defined as the value around which the items are most heavily concentrated. In short, it is the value which occurs maximum times, or against which maximum frequencies cluster around for maximum times.
Mode as an average has the following two special features:
- It represents the most typical value of a series which almost coincides with the existing items.
- It is not affected by the extreme values of the items but by the extreme frequencies of the values.
Methods of Determination
The value of Mode is determined by means of location under any of the following four methods as may be appropriate for the series:
- Method of inspection,
- Method of grouping,
- Method of graph, and
Method of empirical relation.