answersLogoWhite

0

Geometric mean

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Statistics

The weighted mean is a special case for?

The weighted mean is simply the arithmetic mean; however, certain value that occur several times are taken into account. See an example http://financial-dictionary.thefreedictionary.com/weighted+average


Weighted mean sample problem?

weighted mean is getting the weighted average of students. normally, it is always use in computing the general average of the students to determine the ranking of the whole class.


What is the formula for a weighted standard deviation?

Arithmatic Mean


Explain the difference between arithmetic mean and weighted mean?

The plain arithmetic mean is actually a special case of the weighted mean, except all the weights are equal to 1. The arithmetic mean is the sum of all the individual observations divided by the number of observations. With a weighted mean you multiply each observation by a weight, add those values together and then divide by the sum of the weights. E.g. Let's say you have 3 observations: 4, 7, 12 The arithmetic mean is (4+7+12) / 3 = 23/3 = 7.67 Now let's assume that you want to weight the first observation by a factor of 10, the second observation by a factor of 5 and the third observation by a factor of 2: The weighted mean is (4x10+7x5+12x3) / (10+5+2) = 111/17 = 6.53 You can see that if all the weights were 1 you would have the arithmetic mean shown above. As it is mentioned above arithmetic mean is a special case of weighted mean. In the calculation of arithmetic mean all the observations are given an equal chance of occurance ie the above mentioned problem can be written as 4*1/3+7*1/3+12*1/3=7.67 or inother words 7.67 is the number it takes if all are given equal chance whereas in weighted mean the chance of occurance are not equal .This can be written as 4*10/17+7*5/17+12*2/17=6.53 in the above eg. 4 has given more weightage than 7 and 12 has the least weightage so the probability of 4 occurring is more when compared to 7 and 12 there fore the average obtained is seen to decrease as we have given more importance to 4 than others. It shows that the average is affected by the weightage given to the numbers


How do you calculate the standard deviation of the mean using Excel?

=stdev(...) will return the N-1 weighted sample standard deviation. =stdevp(...) will return the N weighted population standard deviation.

Related Questions

The weighted mean is a special case for?

The weighted mean is simply the arithmetic mean; however, certain value that occur several times are taken into account. See an example http://financial-dictionary.thefreedictionary.com/weighted+average


Is an arithmetic mean a weighted mean or a weighted mean an arithmetic mean?

The arithmetic mean is a weighted mean where each observation is given the same weight.


How do you get weighted mean?

A weighted mean is when some values contribute more than others. In order to calculate weighted mean multiply each weight by its value, add those and then divide by the sum of the weights.


Weighted mean sample problem?

weighted mean is getting the weighted average of students. normally, it is always use in computing the general average of the students to determine the ranking of the whole class.


Is it the arithmetic mean or weighted mean that is more accurate Why?

The arithmetic mean and the weighted mean are used in different situations. The arithmetic mean is used in frequencies as a general average. The weighted mean is used when different factors contribute to some kind of total for example with weighted index numbers. It is not a matter of accuracy it involves using the right mean in the right situation. Almost always (if not always) a question will specify which mean to use.


How there will be negative edge weights in case of weighted graphs?

No wiki fcking answer to this


What is the definition of 'weighted mean'?

"Weighted mean" is the average calculated by taking into account not only the frequencies of the variables but also some other factors such as their variance.


Is there any difference between expected value and arithmetic mean?

There is. Arithmetic mean is simple average of numbers not weighted by anything. However in EV, the numbers are weighted by their probability


What does wanos mean?

weighted average number of shares


What is the formula for a weighted standard deviation?

Arithmatic Mean


What does rwa mean in finance?

Risk Weighted Assets


Explain the difference between arithmetic mean and weighted mean?

The plain arithmetic mean is actually a special case of the weighted mean, except all the weights are equal to 1. The arithmetic mean is the sum of all the individual observations divided by the number of observations. With a weighted mean you multiply each observation by a weight, add those values together and then divide by the sum of the weights. E.g. Let's say you have 3 observations: 4, 7, 12 The arithmetic mean is (4+7+12) / 3 = 23/3 = 7.67 Now let's assume that you want to weight the first observation by a factor of 10, the second observation by a factor of 5 and the third observation by a factor of 2: The weighted mean is (4x10+7x5+12x3) / (10+5+2) = 111/17 = 6.53 You can see that if all the weights were 1 you would have the arithmetic mean shown above. As it is mentioned above arithmetic mean is a special case of weighted mean. In the calculation of arithmetic mean all the observations are given an equal chance of occurance ie the above mentioned problem can be written as 4*1/3+7*1/3+12*1/3=7.67 or inother words 7.67 is the number it takes if all are given equal chance whereas in weighted mean the chance of occurance are not equal .This can be written as 4*10/17+7*5/17+12*2/17=6.53 in the above eg. 4 has given more weightage than 7 and 12 has the least weightage so the probability of 4 occurring is more when compared to 7 and 12 there fore the average obtained is seen to decrease as we have given more importance to 4 than others. It shows that the average is affected by the weightage given to the numbers

Trending Questions
Why is your period lasting more than 8 days? If you sit on a moving bus and toss a coin straight up into the air where will it land? What are the chances that you are pregnant if..the last day of your period was on the 13th and you had unprotected sex on the 17th 20th 23rd2 25th He ejaculated inside be all five times? What does a pie graph look like for 70 percent of 100 percent? What is the median of 17 10 16 17? Advantages of AVL TREE? I had unprotected sex around the time my period was just finishing then i took an emergency contraceptive pill and one week later i came on my period for the second time in a month. what's this mean? What is the difference between a parameter and a statistic? What is average taint size? How many different arrangements of the letters in the word COLOR are there? What are the applications of dispersion without deviation? What indicates growth? What is 5.4572 rounded to the nearest thousandths? What does the median score mean? What is the probability of drawing a ten from a deck of cards? If you draw one card from a normal deck of cards what is the probability of drawing a jack queen or king? What is the difference between a discrete and a continuous distribution? Are trends best observed in scatter plots line graphs or circle graphs? What is OLS method of estimation? Should you use the Binomial Normal or Poisson distribution if in the past few years an average of 10 businesses closed and I want to find the probability of more than 10 businesses closing next year?