A number that occurs most frequently is called Mode. It is a good measure when mean and median can’t be used. To get a more accurate representation of statistical data, Mode is used in certain circumstances.
Formula to calculate mode in excel.
Just like other functions, the mode function can be found in excel.
There are two mode functions in excel; MODE.MULT and MODE.SINGL, MODE.MULT is for calculating multiple mode for a set of data that is if there i more than 1 mode.
Consider the following data set.
2, 3, 6, 7, 8, 4, 3, 3, 7, 8, 4, 3, 5, 9, 3
We’ll begin by transferring our data set onto an excel spreadsheet.
Using the mode function and the data from A1:A15, we can calculate the mode easily.
Therefore, your mode is 3.