make a formula chart of arithmetic means different series
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Answer:
One method is to calculate the arithmetic mean. To do this, add up all the values and divide the sum by the number of values. For example, if there are a set of “n” numbers, add the numbers together for example: a + b + c + d and so on. Then divide the sum by “n”.
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Explanation:
Suppose a person receives a 5% increase in the salary this year. In the next year his salary increases by 15%. The average annual percentage increase is 9.88 and not 10.0. Why is it so? You can understand this clearly by studying the geometric mean. Let us study the topic means in detail.
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