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

Equation of line which perpendicular to the given line, Perpendicular to th...

Perpendicular to the line given by 10 y + 3x= -2 For this part we desire the line to be perpendicular to 10 y + 3x= -2 & so we know we can determine the new slope as follows,

Calculus (The squeeze theorem), When finding the limit as x approaches 0 th...

When finding the limit as x approaches 0 the for function (square root of x^3 + x^2) cos(pi/2x) would the limit not exist because there would be a zero in the denominator?

The laplace method, The Laplace method Laplace method employs all the i...

The Laplace method Laplace method employs all the information by assigning equal probabilities to the possible payoffs for every action and then selecting such alternative whic

Postage stamp problem, Explain Postage Stamp Problem solving tehcnique? Wha...

Explain Postage Stamp Problem solving tehcnique? What is Postage Stamp Problem?

Application of related rates to economics and business, the wholesale p of ...

the wholesale p of string beans in dollars per bushel and the daily supply x in thousands of bushel,are related by the equation px+6x+7p=5950. if the supply is decreasing at the r

LINEAR PROGRAMMING, Richland Health has three hospitals in the greater Tamp...

Richland Health has three hospitals in the greater Tampa, Florida area. Demand for patient services varies considerably during the fall and winter months due to the temporary influ

#titlefunction.., provide a real-world example or scenario that can be expr...

provide a real-world example or scenario that can be express as a relation that is not a function

the jetstream''s speed, A passenger jet took 3 hours to fly 1800 km in the...

A passenger jet took 3 hours to fly 1800 km in the direction of the jetstream. The return trip against the jetstream took four hours. What was the jet's speed in still air and the

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