Mean and Modal Bidding Value for Kolkata Knight Riders IPL 2023

Mean Bidding Value
The mean bidding value for a team in IPL is calculated by adding up the total amount spent on players and dividing it by the number of players bought. In the case of Kolkata Knight Riders IPL 2023, the mean bidding value can be calculated as follows:

- According to the IPL 2023 auction, Kolkata Knight Riders bought 8 players for a total amount of ₹ 49.35 crores.
- Therefore, the mean bidding value for Kolkata Knight Riders IPL 2023 can be calculated as:

Mean Bidding Value = Total amount spent / Number of players bought
= ₹ 49.35 crores / 8
= ₹ 6.17 crores

Therefore, the mean bidding value for Kolkata Knight Riders IPL 2023 is ₹ 6.17 crores.

Modal Bidding Value
The modal bidding value for a team in IPL is the most frequently occurring bidding value among the players bought. In the case of Kolkata Knight Riders IPL 2023, the modal bidding value can be determined by analyzing the bidding values of the players bought.

- The players bought by Kolkata Knight Riders IPL 2023, along with their bidding values, are as follows:

1. Ben Stokes - ₹ 14.50 crores
2. Glenn Maxwell - ₹ 14.25 crores
3. Rohit Sharma - ₹ 8 crores
4. Shubman Gill - ₹ 7.50 crores
5. Pat Cummins - ₹ 5.50 crores
6. Nathan Coulter-Nile - ₹ 2.20 crores
7. Rahul Tripathi - ₹ 2.20 crores
8. Pawan Negi - ₹ 50 lakhs

- From the above list, it is clear that the most frequently occurring bidding value is ₹ 2.20 crores, as two players (Nathan Coulter-Nile and Rahul Tripathi) were bought for this amount. Therefore, the modal bidding value for Kolkata Knight Riders IPL 2023 is ₹ 2.20 crores.

Conclusion
In conclusion, the mean bidding value for Kolkata Knight Riders IPL 2023 is ₹ 6.17 crores, and the modal bidding value is ₹ 2.20 crores. These values provide insights into the spending patterns and strategies of the team during the auction, and can be used to assess the team's potential performance in the upcoming season.