Mean and Modal Bidding Value for Kolkata Knight Riders

Mean Bidding Value

The mean bidding value is the average value of all the bids made by Kolkata Knight Riders. To calculate the mean bidding value, we need to add up all the bids and divide by the total number of bids made by the team.

The formula for calculating the mean bidding value is:

Mean = (Sum of all bids) / (Total number of bids)

For Kolkata Knight Riders, the total number of bids made in the auction is 25. The sum of all the bids made by the team is 85.85 crores.

Mean = 85.85 / 25
Mean = 3.43 crores

Therefore, the mean bidding value for Kolkata Knight Riders is 3.43 crores.

Modal Bidding Value

The modal bidding value is the most common bidding value made by Kolkata Knight Riders. To calculate the modal bidding value, we need to determine the bid value that occurs most frequently in the list of bids made by the team.

In this case, we can simply look at the list of bids made by Kolkata Knight Riders and identify the bid value that appears most frequently.

Kolkata Knight Riders made the following bids in the auction:

2.4, 0.5, 3, 1.5, 0.5, 0.5, 5.25, 0.5, 0.5, 0.5, 0.5, 0.5, 0.5, 0.5, 0.5, 0.5, 1.5, 0.5, 0.5, 0.5, 0.5, 0.5, 2.4, 0.5, 3.2

In this list, the bidding value of 0.5 appears most frequently, a total of 13 times.

Therefore, the modal bidding value for Kolkata Knight Riders is 0.5 crores.