Concept:
In statistics, measures of central tendency are used to represent the central or typical value of a data set.
The three major measures of central tendency are:
• Mean — Arithmetic average of all observations
• Median — Middle value of the arranged observations
• Mode — Observation occurring with the highest frequency
The mode identifies the most repeated or most common observation in the data.
Step 1: Understanding the meaning of Mean.
Mean is calculated using:
\[
\text{Mean} =
\frac{\text{Sum of observations}}{\text{Number of observations}}
\]
It gives the average value of the data.
However, the mean does not necessarily represent the most repeated observation.
Therefore, Mean is not the correct answer.
Step 2: Understanding the meaning of Median.
Median is the middle value after arranging the data in ascending or descending order.
For example:
\[
2,\ 4,\ 5,\ 8,\ 10
\]
the median is:
\[
5
\]
Median represents the positional center of the data, not the most frequently occurring value.
Hence, Median is not correct.
Step 3: Understanding the meaning of Mode.
Mode is defined as the observation that appears most frequently in a data set.
For example:
\[
2,\ 3,\ 3,\ 5,\ 7,\ 9
\]
Here:
\[
3
\]
appears twice, while all other numbers appear only once.
Therefore:
\[
\text{Mode} = 3
\]
Thus, the value occurring most frequently is called the Mode.
Step 4: Checking the given options carefully.
Option (1):
Mean
Incorrect.
Option (2):
Median
Incorrect.
Option (3):
Mode
Correct.
Option (4):
None
Incorrect.
Final Conclusion:
The value occurring most frequently in a data set is called:
\[
\boxed{\text{Mode}}
\]
Hence, the correct answer is option (3).