Harmonic mean, Applied Statistics

Assignment Help:

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. 


Related Discussions:- Harmonic mean

Bimodal distribution, There may be two values which occur with the same max...

There may be two values which occur with the same maximum frequency. The distribution is then called bimodal. In a bimodal distribution, the value of mode cannot be determined with

Describe the opportunities for statistical learning, 1. Recognize and expla...

1. Recognize and explain the opportunities for statistical learning. 2. Describe how the use of statistics supports student learning. 3. Recognize appropriate data displays a

Draw a cumulative frequency polygon, The following data give the repair cos...

The following data give the repair costs (in RM) for 30 randomly selected cars from a list of cars involved in collisions. a)  By using RM 1 as the lower limit of the first

Data project, Dr. Jim Mirabella UNIT EIGHT: DATA ANALYSIS PROJECT All Excel...

Dr. Jim Mirabella UNIT EIGHT: DATA ANALYSIS PROJECT All Excel output should be copied into a single Word document where you must enter all of your responses to the questions below.

Find the probability that a lift will weigh, Lifts usually have signs indic...

Lifts usually have signs indicating their maximum capacity. Consider a sign in a lift that reads "maximum capacity 1400kg or 20 persons". Suppose that the weights of lift-users are

Recitilinear motion, velocity of a particle which moves along the s-axis is...

velocity of a particle which moves along the s-axis is given by v=2-4t+5t then find position velocity,acceleration

Compute the sample mean and sample standard deviation, We want to investiga...

We want to investigate the income data.  In the Excel file Midterm  Data.xls there is a tab labeled "Income Data 2006".  The data in the tab is the income reported by 400 people in

Measurement error models., how can we use measurement error method with eig...

how can we use measurement error method with eight responses variables (we do not have explanatory variable in the data )?.the data analyse 521 leaves ..

Find the optimal order quantity, The Maju Supermarket stocks Munchies Cerea...

The Maju Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes per year and the super market is open throughout the year. Each box costs $4 and it costs the store

Determine how the ordinary least squares, Question Following the general...

Question Following the general methodology used by econometricians as explained in the session for week 1 (eight steps), explain how you would proceed to determine if a good com

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