SS1: ECONOMICS - 1ST TERM
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Introduction to Economics | Week 13 Topics|1 Quiz
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Basic Concept of Economics | Week 24 Topics|1 Quiz
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Basic Tools for Economic Analysis | Week 38 Topics|1 Quiz
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Measure of Central Tendency | Week 44 Topics|1 Quiz
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Theory of Demand & Supply I | Week 55 Topics|1 Quiz
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Theory of Demand & Supply II | Week 67 Topics|1 Quiz
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Theory of Production I | Week 77 Topics|1 Quiz
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Theory of Production II | Week 84 Topics|1 Quiz
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Basic Economic Problems of the Society | Week 91 Topic|1 Quiz
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Economic System | Week 104 Topics|1 Quiz
Mode
Topic Content:
- Definition of Mode
- Advantages of Mode
- Disadvantages of Mode
- Evaluation Questions
What is the Mode of a Set of Numbers:
This is the most common number in a set of scores. It is also referred to as the most frequently occurring number, in a set of data or distribution.
It is the figure or item that has the highest frequency. We have Bi-Modal and Multi-modal. A set of (2) two modes is called Bi-Modal while a set of modes with three or more is called Multi-Modal.
Example 4.4.4:
Given the following set of numbers 33, 40,
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