Geometric mean-geometric progression, Mathematics

Assignment Help:

Geometric mean

- It is a measure of central tendency normally utilized to measure industrial increases rates.

- It is explained as the nth root of the product of 'n' observations or values

                                                 1254_Geometric mean.png

'Illustration

In year 1995 five firms registered the given economic growth rates; 26 percent, 32 percent, 41 percent, 18 percent and 36 percent.

Required

Estimate the GM for the above values

                                                                 268_Geometric mean 1.png

No. Log

 

26

1.4150

32

1.5052

41

1.6128

18

1.2533

36

1.5563

 

7.3446

 

Hence Log of GM = 1/5 x 7.3446

= 1.46892

Then GM = Antilog of 1.46892

                 = 29.43


Related Discussions:- Geometric mean-geometric progression

Give the example of exponents, Give the example of Exponents? When a nu...

Give the example of Exponents? When a number is multiplied several times, it is easier to write it as an exponent. For example, four multiplied to itself three times, is writte

Comparison test or limit comparison test, Comparison Test or Limit Comparis...

Comparison Test or Limit Comparison Test In the preceding section we saw how to relate a series to an improper integral to find out the convergence of a series.  When the inte

Explain basic concepts of parallel lines, Explain Basic Concepts of Paralle...

Explain Basic Concepts of Parallel Lines ? Parallel lines are defined in section 1.2 and we use "//" to denote it. From the definition, we can get the following two consequenc

Prisoners dilemma, Prisoners Dilemma This is a type of non-zero sum gam...

Prisoners Dilemma This is a type of non-zero sum game and derives its name from the given story: The district attorney has two bank robbers in separate cells and offers them

Help, How do I solve step by step 7

How do I solve step by step 7

Solve the inequality |x - 1| + |x - 2|, Solve the inequality |x - 1| + |x -...

Solve the inequality |x - 1| + |x - 2|≤ 3. Working Rule:    First of all measure the expression to zero whose modulus happens in the given inequation and from this search the va

Demerits and merit-the geometric mean , The geometric mean Merits ...

The geometric mean Merits i.  This makes use of all the values described except while x = 0 or negative ii.   This is the best measure for industrial increase rates

Addition of like terms with same signs, Case 1: Suppose we are given...

Case 1: Suppose we are given expressions like 3abc and 7abc and asked to compute their sum. If this is the case we should not worry much. Because adding like exp

Types of distribution, Types of distribution Population distribution ...

Types of distribution Population distribution This refers to the distribution of the individual values of population. This mean it is denoted by 'µ' Sample distributi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd