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modal value

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ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.modal value - the most frequent value of a random variable
statistics - a branch of applied mathematics concerned with the collection and interpretation of quantitative data and the use of probability theory to estimate population parameters
average, norm - a statistic describing the location of a distribution; "it set the norm for American homes"


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70 vehicle charges (11 miles at 70p/mile), plus pounds 10 personal time (40 minutes at pounds 15/hour modal value for income).
However, if the income variable data were skewed, the median or modal value would be more appropriate.
In addition to describing the categories and listing the codes used in the microdata files, table 1 shows the mean, median, and modal values of the highest grade completed, conditional on each value of the new question.
 
 
 
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