Geometric Mean Calculator
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Geometric Mean
Definition
The geometric mean is the nth root of the product of n numbers. It's particularly useful for analyzing proportional changes and rates of growth.
Formula
Example
For the values: 100, 120, 108, 135, 150
which is the average growth rate over the 5 periods.Key Points
- Best for analyzing proportional changes or growth rates
- All values must be positive for real-valued results
- Less sensitive to extreme values than arithmetic mean
Comparison of Different Means
Important Relationship:
For any set of positive numbers:
(Equality occurs only when all numbers are the same)
Type | Formula | Example |
---|---|---|
Arithmetic Mean | ||
Geometric Mean | ||
Harmonic Mean |
Arithmetic Mean
Best For:
- Simple averages of quantities
- Calculating central tendency
- Equal weight to all values
- Linear relationships
Common Uses:
- Test scores
- Heights/weights
- Daily temperatures
- Income levels
Limitations:
- Sensitive to outliers
- Not ideal for ratios or rates
Geometric Mean(Current)
Best For:
- Growth rates
- Percentage changes
- Ratios and proportions
- Exponential relationships
Common Uses:
- Investment returns
- Population growth
- Interest rates
- Price indices
Limitations:
- Only works with positive numbers
- More complex calculation
Harmonic Mean
Best For:
- Rates and speeds
- Per-unit quantities
- Reciprocal relationships
- Density measurements
Common Uses:
- Average speed over different distances
- Price per unit calculations
- Density measurements
- Circuit calculations (parallel resistors)
Limitations:
- Only works with positive numbers
- Gives more weight to smaller values
When to Use Each Mean
Use Arithmetic Mean when you need a simple average and all values should have equal weight
Use Geometric Mean when dealing with growth rates, returns, or multiplicative changes
Use Harmonic Mean when working with rates, speeds, or other measures where using reciprocals makes sense
Related Links
Mean, Median, Mode Calculator
Harmonic Mean Calculator
Five Number Summary Calculator
Line Chart
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