Mean and Modal Bidding Value for Each Team in Class 10

Mean Bidding Value

The mean bidding value is the average bidding value of all the bids placed by a team. It is calculated by summing up all the bids placed by a team and then dividing the sum by the total number of bids placed.

Team A:
- Total Bids: 10
- Sum of Bids: 3870
- Mean Bidding Value: 3870/10 = 387

Team B:
- Total Bids: 8
- Sum of Bids: 2650
- Mean Bidding Value: 2650/8 = 331.25

Team C:
- Total Bids: 12
- Sum of Bids: 4360
- Mean Bidding Value: 4360/12 = 363.33

Team D:
- Total Bids: 9
- Sum of Bids: 3050
- Mean Bidding Value: 3050/9 = 338.89

Modal Bidding Value

The modal bidding value is the most frequently occurring bidding value among all the bids placed by a team.

Team A:
- Bidding values: 300, 400, 350, 300, 450, 400, 400, 350, 350, 450
- Modal Bidding Value: 350 and 400 (both occurred 3 times)

Team B:
- Bidding values: 350, 300, 300, 400, 350, 300, 400, 350
- Modal Bidding Value: 350 (occurred 3 times)

Team C:
- Bidding values: 400, 350, 450, 350, 400, 450, 350, 450, 400, 400, 350, 350
- Modal Bidding Value: 350 (occurred 5 times)

Team D:
- Bidding values: 350, 300, 400, 350, 400, 350, 400, 300, 350
- Modal Bidding Value: 350 (occurred 5 times)

Conclusion

Overall, we can see that the mean bidding values for all the teams are relatively close to each other, with Team A having the highest mean bidding value and Team B having the lowest mean bidding value. On the other hand, the modal bidding values for all teams are mostly 350, with Team C having the highest number of bids placed at 350. This information can be useful for analyzing each team's bidding strategy and making informed decisions for future bidding rounds.