types of mean in arithmetic. Apart from arithmetic mean, there are other types of means occasionally used for calculation. These are geometric means, the harmonic mean and the quadratic mean.
TYPES OF MEAN IN ARITHMETIC
geometric means,
the harmonic mean and
the quadratic mean.
H
GEOMETRIC MEAN
Meaning: The geometric mean of a group of numbers is the Nth root of the product of the numbers. In other words, it is derived from a set of N observations by taking the Nth root of the product of the numbers. It is denoted by letter G.
Formula for calculating geometric mean
The formula used for calculating geometric mean is:
G = Nth Product of the various
values in an observation
G = N x1 + x2 + x3 ……….xn
Where x = individual value
Example
Calculate the geometric mean of the following set of data: 6, 8, 12
Solution
n = 3
Product of the various values
= 6 x 8 x 12 = 576
G = N x1 + x2 + x3
3 6 + 8 + 12
3 576
G = 8.32
Advantages of geometric mean
- All available data are used in calculating geometric mean
- It is useful in calculating statistical data.
- It provides a balanced information on both sides of the distribution
- It is very important in carrying out research work
Disadvantages of geometric mean
- Involvement of large volume of data makes geometric mean difficult to understand
- Geometric mean is at times difficult to compute.
HARMONIC MEAN
Meaning: Harmonic mean refers to the reciprocal of the arithmetic mean of the reciprocal of some given numbers. It could have numbers like X1, X2, X3, ………………..X12. The harmonic mean is denoted by letter H.
Formula for calculating harmonic mean
The formula used for calculating harmonic mean is given below.
N
Harmonic mean, H = Ʃ 1/8
Example
Calculate the harmonic mean of the following set of data 4, 6, and 8
Solution
The reciprocal of 4, 6 and 8 are ¼, and 1/8
The arithmetic mean of the reciprocal are
H = 1/3 ( ¼ + 1/6 + 1/8)
= 1/3 ( 6 + 4 + 3)
24
= 1/3 13 = 13
24 72
The harmonic mean is the reciprocal of the arithmetic mean of the reciprocal of given numbers
H = 72 = 54
13
Advantages of harmonic mean
- Harmonic mean can easily be determined
- It does not affect the extremes of values in given data
- All values in the observation are taken into consideration
Disadvantages of harmonic mean
- Harmonic mean principles are difficult to understand
- Its scope is limited
- It is difficult to calculate
QUADRATIC MEAN
Meaning: Quadratic mean, also known as the root mean square (RMS), refers to the square root of the arithmetic mean if their squares. The quadratic mean is represented by R.M.S.
The formula used for calculating quadratic mean is:
R.M.S = Ʃx2
N
Example
Calculate the quadratic mean of the following set of numbers: 2, 4, 6, 8
Solution
R.M.S = 22 + 42 + 62 + 82
4
= 4 + 16 + 36 + 64
4
= 120
4 = 30
= 5.4
Advantages of quadratic mean
- All values in a given data are taken in consideration
- It is easy to determine
Disadvantages of quadratic mean
- Calculation becomes very difficult when given values are large
- Its principles are difficult to understand
WEED AND THEIR BOTANICAL NAMES
1.
———————————————————————————————-
- of demand curve and used
- advertising industry
- factors of production
- entrepreneur
- joint stock company
- public enterprises
- private enterprises
- limited liability companies