0

What is the uses of mean median and mode in business and industries?

Updated: 11/2/2022

Wiki User

9y ago

Best Answer

mean can be used in business and industries for comparing purposes. mode as it gives us the value which occurs most often, it can be use to determine the shoe sizes especially in shoe manufacturing industries. median is used to determine the skewness of data

Wiki User

9y ago
This answer is:

Add your answer:

Earn +20 pts
Q: What is the uses of mean median and mode in business and industries?
Write your answer...
Submit
Still have questions?
Related questions

What is the use of mean median and mode in business and industries?

mean can be used in business and industries for comparing purposes. mode as it gives us the value which occurs most often, it can be use to determine the shoe sizes especially in shoe manufacturing industries. median is used to determine the skewness of data

Who discovered the mean median and mode?

who discovered mean median and mode

Are the mean median and mode always numbers from a list of data?

the median and mode are but the mean is not

What is the median the mode the mean for 8181992183?

The median is 9 and the mode is 18 and the mean is 11

What is the mean median and mode for24 15 and 18?

The mean is 19. The median is 18. There is no mode.

What is the mean median and mode of a number?

The mean is the average. The median is the middle. The mode is the most common.

What is the mean median and mode of -3?

a single number, -3, is its own mean, median, and mode.

What are 3 popular questions about mean median and mode?

3 popular questions about mean,median,mode is whats the mean? whats the mode? whats the median? hope this helps

What is the mean median and mode for 1.6 1.7 1.8?

mean: 1.7 median:1.7 mode: none

What are the mean median range and mode of 5436?

median= 4&amp;3 range=3 mode= no mode

Mean median and?

Mean, Median and Mode. They are three kinds of averages.

How are the mode and median the same?

Mean, median, and mode are all equal in a normal distribution.