The storekeeper was very happy to get a solution to his problem. When Jack told this story to Jacob, he was so curious to know how Jack solved the problem of the storekeeper. Then Jack explained the concept of mode to Jacob.
Mode of a data set is-
another measure of central tendency of a data set
the observation that occurs for most no. of times in a data set
the observation that has the highest frequency
Mode is the observation that occurs for most no. of times in a given data set. There are 3 methods to measure the central tendency of a given data set: Mean, Mode and Median. So, mode is another method to measure the central tendency of a data set.
Frequency of an observation is number of time that particular observation occurs. So, if an observation occurs for maximum number of times, it will have the highest frequency. That particular observation is called mode.