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

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

Bar charts, I''m supposed to be writing a critique for my maths project whe...

I''m supposed to be writing a critique for my maths project where i compare the prices for different holidays. i don''t know what to write for a critique though, any tips on what w

Find out the dimensions of the field-optimization, We have to enclose a fie...

We have to enclose a field along with a fence. We contain 500 feet of fencing material & a building is on one side of the field & thus won't require any fencing.  Find out the dime

Find the cost price of the toy, A dealer sells a toy for Rs.24 and gains as...

A dealer sells a toy for Rs.24 and gains as much percent as the cost price of the toy. Find the cost price of the toy. Ans:    Let the C.P be x ∴Gain = x % ⇒ Gain = x

How many solutions are there for differential equation, If a differential e...

If a differential equation does have a solution how many solutions are there? As we will see ultimately, this is possible for a differential equation to contain more than one s

Marketing research, In pharmaceutical product research doctors visit the pl...

In pharmaceutical product research doctors visit the place to learn what

Inequalities, I want to complete my assignment, please explain me what is I...

I want to complete my assignment, please explain me what is Inequalities?

Circle, a wheel revolves 360 deegre revolution in one minute .Find how many...

a wheel revolves 360 deegre revolution in one minute .Find how many radians will the wheel subtend in one second

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