Weighted Geometric Mean Assignment Help

Assignment Help: >> Central Value Measures - Weighted Geometric Mean

Likewise weighted arithmetic mean we can also calculate weighted geometric mean with the help of the following formula

G.M. 10 = A.L [log X1 x W1) + (log X2 x W2) +...+ (log Xn X Wn/W1 + W2 + W3 +...+ Wn]

= A.L. [Σ(log Xx W/ ΣW]

Symbolically  G.M w = √(X1w1 x X2w2 x X3w3 x..x X2Wn

Proof:

If w1, W2, W3 .... Wn are weights assigned to different values of X1, X2, X3.....Xn

G.M. w √X1w1 X2W2; X3W3 ... Xn Wn

Taking logarithms of both sides

Log G.M . w log (X1W1, X2W2, X3W3 ... Xn Wn)

Where N = ΣW = W1, + W2, + W3 + ... + Xn

= log (X1w1 + log X2W2 + log X3W3 +... log XnWn / ΣW = ΣW log X/ΣW

G. M. w = antilog [Σ W log X / Σ W

Since it is difficult to fang nth root, the geometric mean can be calculated with the help of logarithms.

Illustration:

Find the weighted geometric mean from the following data: 

Group index number weights
Food 260 46
Fuel & lighting 180 10
Clothing 220 8
House rent
230 20
Education 120 12
Misc. 200 4


Solution:

Calculation of weighted geometric mean

Group Index No. X Weights W Log X W log X
Food 260 46 2.4150 11.0900
Fuel & lighting 180 10 2.2553 22.5530
Clothing 220 8 2.3424 18.7392
House rent 230 20 2.3617 47.2340
Education 120 12 2.0792 24.9504
Misc. 200 4 2.3010 9.2040
  Σ W = 100   ΣW log X = 233.7706

G.W. w = A.L [ΣW log X / Σw] = A.L [233.7706 / 100]    = A.L 2.337 = 217.6

Illustration :

The weighted geometric mean of the four numbers 8, 25, 17 and 30 is 15.3 if the weights of the first three numbers are 5, 3 and 4 respectively find the weight of the fourth number.

Solution:

Let the weight of the fourth number be W1.

Calculation of geometric mean
:

X W Log X W.log X
8 5 0.9031 4.5155
25 3 1.3979 4.1937
17 4 1.2304 4.9216
30 W1 1.4771 1.4771 + W1
  ΣW = 12 + W   ΣW. Log X = 13.6308 + 1.4771 + W1


Log G.mw = [ΣW log X / ΣW] log 15.3 = 13.6308 + 1.4771 W1 / 12 + W1

1.1847 (12 + W1) = 13.6308 + 1.4771 W1

14.2164 + 1.1847 W1 = 13.6308 + 1.4771 W1

1.1847 W1 – 1.477 W1 = 13.6308 – 14.2164 = - 0.5856

W1 = 0.5856 / 0.2942 = 2.003 or 2 approx.

Thus the weight of the fourth number is 2.

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