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Find the geometric mean of a data set step-by-step
Frequently Asked Questions (FAQ)
What is a geometric mean?
The geometric mean is a type of average that is calculated by taking the nth root of the product of n numbers
What geometric mean used for?
The geometric mean is often used to calculate rates of change, such as growth rates or investment returns, where the data involves multiplication rather than addition. It is also commonly used in various fields such as finance, biology, physics, and engineering.
How do you calculate geometric mean?
Geometric mean is calculated by multiplying all the numbers together, then taking the nth root of the product, where n is the number of values in the set.