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

Mensuration of plane figures, a sail has a spread of canvas as measured 12'...

a sail has a spread of canvas as measured 12'',12'', 15'' and 9'' and it has 90 degrees. Find the area of one side of the sail

Calculate magnitude and direction of maximum principle, At a point in a loa...

At a point in a loaded member, the stresses relative to an x, y, z coordinate system are given by Calculate the magnitude and direction of the maximum principal stress.

Prove that xa+ar=xb+br of circle, In figure, XP and XQ are tangents from X ...

In figure, XP and XQ are tangents from X to the circle with centre O. R is a point on the circle. Prove that XA+AR=XB+BR Ans:    Since the length of tangents from externa

What is the least number of students needed in a class, What is the least n...

What is the least number of students needed in a class to be sure that at least 6 will receive similar grade if there are five probable grades A, B,C, D and F?  Ans: Let us re

How many different combinations could she form these item, Wendy has 5 pair...

Wendy has 5 pairs of pants and 8 shirts. How many different combinations could she form with these items? Multiply the number of choices for each item to find out the number of

How much does kristen have left after the money is taken out, Kristen earns...

Kristen earns $550 each week after taxes. She deposits 10% of her income in a savings account and 7% in a retirement fund. How much does Kristen have left after the money is taken

Utilizes the definition of the limit to prove the given limi, Utilizes the ...

Utilizes the definition of the limit to prove the given limit. Solution In this case both L & a are zero.  So, let ε 0 so that the following will be true. |x 2 - 0|

the demand forecast, The King Company is producing two types of products: ...

The King Company is producing two types of products: A and B. Both products are produced on the similar machining operation. The machines operate on two 8-hour shifts, 5 days per w

What is the expected value of perfect information, Question: The follow...

Question: The following payoff table shows profit for a decision analysis problem with two decision alternatives and three states of nature. (a) Construct a decision tr

NOWA method, solve the equation 540+115 using the NOWA method

solve the equation 540+115 using the NOWA method

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