Measures of Central Tendency and DispersionMCQMTP June 2023 Series IQuestion 3020 of 473
All Questions

Mode is:

Options

ALeast frequent value
BMiddle Most value
CMost frequent Value
DNone of these
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Correct Answer

✅ Option c — Most frequent Value

All Options:

  • ALeast frequent value
  • BMiddle Most value
  • CMost frequent Value
  • DNone of these

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Detailed Solution & Explanation

**Step 1: Recall the definition of Mode.** The **Mode** of a data set is defined as the value that appears most frequently (i.e., has the highest frequency). **Step 2: Evaluate options.** - Option A: 'Least frequent value' — this is the anti-mode, not the mode. - Option B: 'Middle most value' — this is the definition of **Median**. - Option C: 'Most frequent value' — this correctly defines **Mode**. - Option D: None of these — incorrect. **Step 3: Conclusion.** Mode = Most frequent value. Hence, **Option C** is the correct answer.

About This Chapter: Measures of Central Tendency and Dispersion

Paper

Paper 3: Quantitative Aptitude

Weightage

12-15 Marks

Key Topics

Mean, Median, Mode, Range, Mean Deviation, Standard Deviation

The core foundation of Statistics. This chapter covers Mean (Arithmetic, Geometric, Harmonic), Median, Mode, and their properties. It also explores measures of spread like Range, Mean Deviation, Standard Deviation, and Quartile Deviation.

View Official ICAI Syllabus

Exam Strategy Tip

Do not just memorize formulas; ICAI loves asking about the mathematical properties (e.g., 'sum of deviations from the AM is always zero'). You can usually eliminate 2 options just by knowing the properties.

Key Concepts to Understand

Mode

The value that appears most frequently in a data set. A data set can be unimodal (one mode), bimodal (two modes), or multimodal (more than two modes). It is the only measure of central tendency applicable to qualitative (categorical) data.

Related Comparison Tables

Mean vs Median vs Mode: Measures of Central TendencyFiscal Policy vs Monetary Policy: CA Foundation Economics

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