Statistical Aid: A School of Statistics
Learn Statistics and Data Analysis Intuitively!
The Geometric mean is a special types of average where we calculate the root of the product of a value of a set of observations. It is usually used to define various types of growth rates such as population growth, interest rates etc. Formula of geometric mean By definition, the formula is as below, … Read more
The harmonic mean is the inverse of the arithmetic mean of the reciprocals of the observations of a set. It is a type of average generally used for numbers that represent a rate or ratio such as the precision and the recall in information retrieval and can be described as the reciprocal of the arithmetic mean … Read more
Mean is the central value of all the observation which are included in a study. There are various types of mean exist. They are arithmetic mean, geometric mean, harmonic mean etc. Definiton The arithmetic mean of a set of data maybe defined as the sum of the values divided by the number of values in … Read more
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