Modal value refers to the mode in mathematics, which is the most common number in a set of data. For example, in the data set 1, 2, 2, 3, the modal value is 2, because it is the most common number in the set.
The mode is one of the most common ways to describe a set of data. Often, when large sets of data are being analyzed, it is useful to calculate the mean, mode and median to quickly gain insight into how the numbers are distributed. The mean is the average of the data set, while the median is the middle number when ordered from smallest to largest.
Learn MoreIn mathematics, particularly in the field of statistics, a "favorable outcome" refers to the result of an event. A favorable outcome divided by all possible outcomes signifies the likelihood of an event's occurrence.
Full Answer >In mathematics, the median value is the middle number in a set of sorted numbers. For example, in the set of numbers 10, 11, 13, 15, 16, 23 and 26, the median is 15 because exactly half of the numbers lie above 15 and half lie below.
Full Answer >In mathematics, the mode is the number that appears most often in a data set. To find the mode in a data set, rearrange the numbers in order, and then find the number that appears the most.
Full Answer >A trend in mathematics is a pattern in a set of data points. Knowing the trend allows outcomes to be predicted by a mathematical model. Estimating the trend of data requires a technique known as regression or curve fitting.
Full Answer >