Geometric mean-geometric progression, Mathematics

Geometric mean

- It is a measure of central tendency normally utilized to measure industrial increases rates.

- It is explained as the nth root of the product of 'n' observations or values

                                                 1254_Geometric mean.png


In year 1995 five firms registered the given economic growth rates; 26 percent, 32 percent, 41 percent, 18 percent and 36 percent.


Estimate the GM for the above values

                                                                 268_Geometric mean 1.png

No. Log















Hence Log of GM = 1/5 x 7.3446

= 1.46892

Then GM = Antilog of 1.46892

                 = 29.43

Posted Date: 2/16/2013 6:15:45 AM | Location : United States

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