What is difference between geometric and arithmetic mean?
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Arithmetic mean of the two positive numbers is always greater than their Geometric mean, except the case when both numbers are equal. In this case Arithmetic mean is equal to Geometric mean.
Arithmetic mean (average), Geometric mean, and Median are the useful tools for statistical analysis.
Three tools, if used properly, allow quickly analyze data-sets.
Arithmetic mean characterizes the average value in data-set.
Geometric mean allows to estimate the average growth rate for processes with variable in time growth rate. It is used often in financial analysis, when analysts look at processes with compound interest. Examples of this are given in the lesson on Geometric Mean.
Median is used to quickly subdivide the whole current data-set in two halves and to attribute each given sample to one of two sub-sets.
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Arithmetic mean (average), Geometric mean, and Median are the useful tools for statistical analysis.
Three tools, if used properly, allow quickly analyze data-sets.
Arithmetic mean characterizes the average value in data-set.
Geometric mean allows to estimate the average growth rate for processes with variable in time growth rate. It is used often in financial analysis, when analysts look at processes with compound interest. Examples of this are given in the lesson on Geometric Mean.
Median is used to quickly subdivide the whole current data-set in two halves and to attribute each given sample to one of two sub-sets.
HOPE IT HELPS YOU.
PLZ MARK ME AS THE BRAINLIEST.
Nalinvijay2005:
Plz mark me as the brainliest.
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