Say, in this example, in NYC, there are 2 places with $3 and 2 places with $6. What would be the mode in that case ?
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Any data set can possibly have no mode (when all observations have the same frequencies), 1 mode, 2 modes, 3 modes, etc. Unlike the two other measures of central tendency, there’s only one mean and one median for a given data set.
The mode in your example is $3 and $6.
Hope this helps.
The 365 Team