Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Harmonic Mean
The harmonic mean also called harmonic average, in the total numbers of items of variable divided by the sum of r reciprocals of the values of the variable. In the words of W. I.G reenwald, the harmonic mean is defined as the reciprocal of the arithmetic mean of the reciprocals of a serried. For its calculations we must first learn the reciprocals.
Reciprocals the reciprocal of a value is that quotient obtained by diving i with the given value. For example, reciprocal of the value 2 will be ½ or 0.5 of the value 1/4 or 0.25 and so on .Reciprocals can be computed with the help of tables given in appendix with the tables in appendix.
Use of Harmonic Mean:
This measure of averages can be used in the following cases:
(1) To compute average speed. When speed is given in kilometres per hour, distance is variable and time is constant. On the other hand when speed is given in minutes for each kilometric time is variable and distance would be constant.
(2) To find out average of prices: When rate may be as follows:
(3) To study about velocity etc, it is a useful average. In short we may say that harmonic mean is useful in averaging rates and ratios where time factor is variable and the act being performed ( say distance covered )is constant. The example given will clarify this point.
Analytical Approach We will illustrate this through an example. Example 1 A firm sells a product in a market with a few competitors. The average price charged by the
Differentiate between data and database
Circles or Pie Diagram: Circles or pie diagrams are alternative to squares. These are used for the same purpose i.e. when the values are differing widely in their magnitude
You will recall the function pnorm() from lectures. Using this, or otherwise, Dteremine the probability of a standard Gaussian random variable exceeding 1.3. Using table(), or
In a study of outcomes for patients who had been in the Intensive care Unit (ICU) at a large hospital, the records from last 150 patients who had been in the ICU for more than one
"MagTek" electronics has developed a smart phone that does things that no other phone yetreleased into the market-place will do. The marketing department is planning to demonstrate
The file Midterm Data.xls has a tab labeled "Many vs. S&P" which presents historical price data for several assets, a volatility condition (VIDX = 1 if the NYSE volatility is grea
difference between large sample test and small sample test
The cornlnunalities h j represent the fraction of the total variance' 'accounted for of variabie j. Ry calculating the communalities we can keep track of how much of-the orig
Simple Linear Regression One calculate of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd