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

Evaluate trig functions limits, Evaluate following limits. (a) (...

Evaluate following limits. (a) (b)    Solution There in fact isn't a whole lot to this limit. In this case because there is only a 6 in the denominator we'l

What are whole numbers, Q. What are Whole numbers? The set of whole num...

Q. What are Whole numbers? The set of whole numbers is the set of natural numbers with the zero thrown in: 0,1,2,3,4,... Hint: Some people remember that the whole numbers

Example of problems related to applying operations, I had just come back fr...

I had just come back from a very interesting talk arranged by a Mathematics Centre, it was aimed at parents of primary school-going children. They had talked about, and demonstrate

Polynomials in two variables, Polynomials in two variables Let's take a...

Polynomials in two variables Let's take a look at polynomials in two variables.  Polynomials in two variables are algebraic expressions containing terms in the form ax n y m

What is the marginal product of labor function, Your engineering department...

Your engineering department estimated the following production function. Q = 15L 2 - 0.5L 3 a. What is the marginal product of labor function, MP L ? b. What is the aver

Interpretations of definite integral, Interpretations of Definite Integral ...

Interpretations of Definite Integral There are some quick interpretations of the definite integral which we can give here. Firstly, one possible interpretation of the defini

Minimum and maximum values, Minimum and Maximum Values : Several applicati...

Minimum and Maximum Values : Several applications in this chapter will revolve around minimum & maximum values of a function.  Whereas we can all visualize the minimum & maximum v

Retest Simulation, What is the probability of guessing five questions on a ...

What is the probability of guessing five questions on a test correctly

Differential equations and group methods, solve the differential equation ...

solve the differential equation dy/dx=f(y)x^n+g(y)x^m by finding a one-parameter group leaving it invariant

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