The Mode is a statistical measure that represents the value that appears the maximum number of time in a given set of data observations. The mode is the number or item that appears most frequently in a set of data. In simpler terms, it's what exists or appears most often when you look at a set of things.
Mode formula for ungrouped data:
The most frequently occurred value in the data set.
\(Mode = l + \frac{f_1 - f_0}{2f_1 - f_0 - f_2} \times h\)
Here,
l = Lower limit of the modal class
h = Size of the modal class
f1 = Frequency of the modal class
f0 = Frequency of the class before the modal class
f2 = Frequency of the class after the modal class
