Tag Harmonic mean

Sin categoría, Statistics

Counting bugs

The geometric mean is used when the values of the data distribution change multiplicatively, and not additively. This makes it ideal for averaging geometric progression data, such as ratios, compound interest in economics, or bacterial growths in microbiology.

Manuel Molina
03/15/2022

Sin categoría, Statistics

A tricky riddle

The harmonic mean is the reciprocal of the arithmetic mean. It is calculated as the total number of observations divided by the sum of the reciprocals. It is used in situations in which it is necessary to average paths of equal length with different times, as well as to average multiples or quotients.

Sin categoría, Statistics

A very robust family

Robust location parameters. We describe robust location parameters that are more robust to the presence of extreme values than arithmetic mean. The mean is a whimsical statistic. Of course, I am referring to the arithmetic mean. And why do I say that…