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

The Bake Sale, Lindy has 48 chocolate chip cookies and 64 vanilla wafer coo...

Lindy has 48 chocolate chip cookies and 64 vanilla wafer cookies. How many bags can Lindy fill if she puts the chocolate chip cookies and the vanilla wafers in the same bag? She pl

Draw tangent graph y = tan ( x ), Graph y = tan ( x ). Solution In...

Graph y = tan ( x ). Solution In the case of tangent we need to be careful while plugging x's in since tangent doesn't present wherever cosine is zero (remember that tan x

Payoff Matrix, A farmer grows apples on her 400-acre farm and must cope wit...

A farmer grows apples on her 400-acre farm and must cope with occasional infestations of worms. If she refrains from using pesticides, she can get a premium for "organically grown"

Regression and correlation analysis on income and ex, regression and correl...

regression and correlation analysis on income and expenditure

What is the maximum number calories which consume from fats, Josephine is o...

Josephine is on an 1,800 calorie per day diet. She tries to remain her intake of fat to no more than 30% of her overall calories. Based on an 1,800 calorie a day diet, what is the

Find how much more space than the toy it will cover, A Solid toy in the for...

A Solid toy in the form of a hemisphere surmounted by the right circular cone of height  2cm  and  diameter  of  the  base  4  cm .If  a right  circular  cylinder circumscribes the

Hundreths., round to the nearest hundreths 1677.76

round to the nearest hundreths 1677.76

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