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

Problem, a mixture of 40 liters of milk and water contains 10% water.how mu...

a mixture of 40 liters of milk and water contains 10% water.how much water should be added to this so that water my be 20% in the new mixture

Fraction, Maria has a slice of pizza that is1/6 the pizza. Ben has a slice ...

Maria has a slice of pizza that is1/6 the pizza. Ben has a slice of pizza that is 1/3 of the pizza . Maria''s slice is bigger .draw pizzas to show how this possible .

Developing an understanding of subtraction, DEVELOPING AN UNDERSTANDING O...

DEVELOPING AN UNDERSTANDING OF SUBTRACTION :  The process of subtraction is the reverse of that of addition. Adding more to a collection to make it bigger is just the reverse

The index of industrial production, The index of industrial production ...

The index of industrial production This is a quantity index compiled by the government. This measures changes in the volume of production in main industries. The index is a ex

Can you explain slope, Can you explain slope and Slope is measured as rise/...

Can you explain slope and Slope is measured as rise/run?

Complex numbers, Complex Numbers In the radicals section we noted that...

Complex Numbers In the radicals section we noted that we won't get a real number out of a square root of a negative number.  For example √-9 isn't a real number as there is no

Advantages of peer interaction in learning maths, Can you think of some mor...

Can you think of some more advantages of peer interaction and child-to child learning? If you agree that children learn a lot from each other, then how can we maximise such oppo

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