Mean From Mode Median
1. The problem states that the mode is 400 and the median is 500, and we need to find the mean.
2. For a moderately symmetric distribution, the empirical relationship between mean, median, and mode is given by the formula:
$$\text{Mean} = 3 \times \text{Median} - 2 \times \text{Mode}$$
3. Substitute the given values into the formula:
$$\text{Mean} = 3 \times 500 - 2 \times 400$$
4. Calculate the values:
$$\text{Mean} = 1500 - 800 = 700$$
5. Therefore, the mean is 700.