Commerce Exam > Commerce Videos > Statistics for Economics - Class XI > Median & Mode- 2
Median & Mode- 2 Video Lecture | Statistics for Economics - Class XI - Commerce
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51 videos|41 docs|12 tests
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FAQs on Median & Mode- 2 Video Lecture - Statistics for Economics - Class XI - Commerce
| 1. What is the median in statistics? |  |
Ans. The median is a measure of central tendency in statistics and is defined as the middle value in a dataset when it is arranged in ascending or descending order. It divides the dataset into two equal halves, with 50% of the values below and 50% above the median.
| 2. How do you calculate the median of a dataset? | |
Ans. To calculate the median, first arrange the dataset in ascending or descending order. If the dataset has an odd number of values, the median is the middle value. If the dataset has an even number of values, the median is the average of the two middle values.
| 3. What is the mode in statistics? | |
Ans. The mode is a measure of central tendency in statistics and refers to the value or values that occur most frequently in a dataset. Unlike the median or mean, the mode can be used for both numerical and categorical data.
| 4. How do you find the mode of a dataset? | |
Ans. To find the mode of a dataset, identify the value or values that occur most frequently. If there is a single value that occurs most frequently, it is the mode. If multiple values occur with the same highest frequency, the dataset is considered multimodal.
| 5. Can a dataset have more than one mode? | |
Ans. Yes, a dataset can have more than one mode. When multiple values occur with the same highest frequency, the dataset is considered multimodal. This is different from datasets with a single mode, which are called unimodal.
About this Video
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Dec 23, 2024 Last updated |
Video Description: Median & Mode- 2 for Commerce 2024 is part of Statistics for Economics - Class XI preparation.
The notes and questions for Median & Mode- 2 have been prepared according to the Commerce exam syllabus.
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Introduction of Median & Mode- 2 in English is available as part of our Statistics for Economics - Class XI for Commerce & Median & Mode- 2 in
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Video Lecture & Questions for Median & Mode- 2 Video Lecture | Statistics for Economics - Class XI - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Statistics for Economics - Class XI.
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