Business Studies, asked by rajaafzal284, 2 months ago

state the reasons of circumstances in which it would be preferable to use the mean the median and the mode the geometric mean and harmonic mean also.

Answers

Answered by mediaudr
1

Answer:

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Answered by mad210203
0

Reason of Circumstances Between Geometric Mean & Harmonic Mean

Explanation:

  • If the values have the same units, the arithmetic mean is suitable, but if the values have different units, the geometric mean is acceptable.
  • If the data values are ratios of two variables with distinct measurements, such as rates, the harmonic mean is suitable.
  • When working with ordinal data when your data collection is skewed, the median is typically favoured above alternative measures of central tendency.
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