Geometric and Harmonic Mean
Geometric and Harmonic Mean
1. Geometric Mean
2. Harmonic Mean
Geometric Mean
The geometric mean (or GM) is a type of mean that indicates the central
tendency of a set of numbers by using the product of their values. It is defined
as the nth root of the product of n numbers.
Sol: Using the formula for G.M., the geometric mean of 4 and 3 will be:
Here, n=2
So,1/n=0.5
Geometric Mean will be √(4×3)= (12)0.5
So geometric mean=3.46
Merits
Demerits
1. It is neither simple to understand nor easy to calculate. Usage of logarithm makes the
computation easy.
2. It has less sampling stability than the A.M.
3. It cannot be calculated for open-end data.
Harmonic Mean
The Harmonic Mean (HM) is defined as the reciprocal of the arithmetic mean of
the given data values. It is based on all the observations, and it is rigidly
defined. In general, the harmonic mean is used when there is a necessity to give
greater weight to the smaller items.
If x1, x2, x3,…., xn are n items with corresponding frequencies f1, f2, f3, …., fn,
then the weighted harmonic mean is:
HMw = N / [ (f1/x1) + (f2/x2) + (f3/x3)+ ….(fn/xn) ]
Merits
1. It is rigidly defined. It has clear cut mathematical formula.
2. It is based on all the items. The magnitude of every item is considered for its computation.
3. It is affected less by extreme items than A.M. or even G.M.
4. It gives lesser weight to larger items and greater weight to lesser items
Demerits
1. It is neither simple to understand nor easy to calculate.
2. It has less sampling stability than the A.M.
3. Theoretically, it cannot be calculated for open-end data.
4. It cannot be found graphically.
Harmonic mean= N / [ (f1/x1) + (f2/x2) + (f3/x3)+ ….(fn/xn) ] = 42 / 7.878
= 5.331
AM x HM = GM2
Hence, the important measures of central tendencies or statistical averages are the following.
1. Arithmetic Mean
2. Geometric Mean
3. Harmonic Mean
4. Median
5. Mode