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Harmonic mean
It is a measure of central tendency which is utilized to determine the average increase rates for natural economies. This is defined like the reciprocal of the average of the reciprocals of every the values given by HM.
Illustration
The economic growth rates of five countries were given as 20 percent, 15 percent, 25 percent, 18 percent and 5 percent.Calculate the harmonic mean as:
= 1/{0.2{0.05 +0.07 +0.04 +0.10 +0.2}}
= 1/0.092
= 10.86 percent
Example of Word problem: There is a man who is 21 years older than his son. 5 years ago he was four times as old as his son. How older are both now? Solution: Step 1
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