In statistics, mode, median and mean are typical values to represent a pool of numerical observations. They are calculated from the pool of observations.
Mode is the most common value among the given observations. For example, a person who sells ice creams might want to know which flavour is the most popular.
Median is the middle value, dividing the number of data into 2 halves. In other words, 50% of the observations is below the median and 50% of the observations is above the median.
Mean is the average of all the values. For example, a teacher may want to know the average marks of a test in his class.
Mode
The mode of a set of observations is the value that occurs most frequently in the set.
Example:
Find the mode of the following set of scores.
14 11 15 9 11 15 11 7 13 12
Solution:
The mode is 11 because 11 occurred more times than the other numbers
If the observations are given in the form of a frequency table, the mode is the value that has the highest frequency.
Example:
Find the mode of the following set of marks.
Marks
1
2
3
4
5
Frequency
6
7
7
5
3
Solution:
The marks 2 and 3 have the highest frequency. So, the modes are 2 and 3.
Note: The above example shows that a set of observations may have more than one mode.
The following video shows a fun way to learn mode, median and mean.