Arithmetic Mean, Harmonic Mean, Combined Average, Geometric Mean

by Bruce Giese

If you explain something very specific and obscure on the web, then lots of people will end up finding your site.  I hope this helps you in your homework or your work assignment.  Just remember that statistics are extremely difficult to do properly and there are lots of humorous examples of how they have been inadvertently abused.  There is no substitute for applying common sense and critical thinking to avoid doing stooopid things.

Anyway, this is an obscure mathematical description, but one that almost no one seems to understand.  I've tried to explain it correctly, but it is subtle and easy to misunderstand.  I've included some comments which show the problems with interpretation

If we have sampled a random variable that is a ratio of two separate factors, there are essentially 3 different types of ratios that can occur.

Varying numerator over a fixed denominator

Fixed numerator over a varying denominator

Varying Numerator over a Varying Denominator

Geometric Mean

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