Question on: SS1 Economics - Types Of Central Tendency, Merits And Demerits And Simple Application:
Which of the following is a demerit of the mode?
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A
It is not affected by outliers or extreme values in the dataset.
B
It may not exist or may be non-unique if no value appears more than once in the dataset.
C
It may not represent the true centre of the data if there are only a few data points in the dataset.
D
It can be difficult to calculate for datasets with a large number of values.
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Correct Option: C
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