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Learn what is harmonic mean, how to calculate it, and its applications in statistics and finance. Harmonic mean is the reciprocal of the average of the reciprocals of the data values, and it gives more weight to the smaller values.
- Geometric Mean
The mean defines the average of numbers. The different types...
- Geometric Mean
In mathematics, the harmonic mean is a kind of average, one of the Pythagorean means. It is the most appropriate average for ratios and rates such as speeds, [1] [2] and is normally only used for positive arguments. [3]
The harmonic mean is a numerical mean and is a measure of central tendency. It is useful in calculating the average of rates and ratios. Understand harmonic mean along with its formula and solved examples.
Harmonic mean is a type of average that is calculated by dividing the number of values in a data series by the sum of the reciprocals (1/x_i) of each value in the data series. A harmonic mean is one of the three Pythagorean means (the other two are arithmetic mean and geometric mean).
25 Σεπ 2024 · The harmonic mean is the reciprocal of the arithmetic mean of the reciprocals. Harmonic means are used in finance to average data like price multiples. Harmonic means also can be...
24 Ιαν 2024 · Harmonic Mean is the type of mean that is used when we have to find the average rate of change, it is the mean calculated by taking the reciprocal values of the given value and then dividing the number of terms by the sum of the reciprocal values.
Learn the definition, formula and examples of harmonic mean, a type of average that is useful for rates and outliers. See how it differs from arithmetic and geometric mean.
