These are usually used by investors, financial managers, banking experts, and specialists working in the investment area. The mode of a data set is exactly where the values can be encountered most often. Regardless of whether you are focusing on the equations or want to explore more than one data set, the use of mode examples will help you to determine the correct answers. If you feel uncertain and need more help with your descriptive statistics, the mode calculation should be used based on the specific questions that you see asked and resolved by others in the solutions provided below.