Mode is the value of the variable which occurs most frequently in a distribution. Mode is also positional average which can be located by inspection.
Mean, median and mode all three are Central Tendency or Averages. The Arithmetic mean lies under Mathematical Average and the other two Median and Mode are types of Positional Averages. A measure of central tendency is a typical value around which the figures congregate". The value of central tendency or average always lies between the minimum and maximum values.