i have seen in some textbooks, where we calculate mode as per the below empirical formula;
mode = 3 * median - 2 * mean
do you have any thoughts on how this formula is to be understood. not sure if we will discuss in the upcoming videos on stat.
i have seen in some textbooks, where we calculate mode as per the below empirical formula;
mode = 3 * median - 2 * mean
do you have any thoughts on how this formula is to be understood. not sure if we will discuss in the upcoming videos on stat.
Simple Explanation:
http://pinkmonkey.com/studyguides/subjects/stats/chap4/s0404601.asp
Detailed Explanation with proof:
https://stats.stackexchange.com/questions/3787/
In essence, the formula you quoted only works for moderately skewed or asymmetrical distributions.