The geometric mean is particularly useful when comparing different items with very different ________.
- Mean values
- Median values
- Mode values
- Ranges
The geometric mean is particularly useful when comparing different items with very different ranges. It is used in various kinds of growth rates, like population growth or financial growth, where each year's value is relative to the previous year's value.
Loading...
Related Quiz
- What is the relationship between the probability of a Type I error and the significance level of a test?
- What is the role of the 'R-squared' value in a multiple linear regression model?
- The total probability of all outcomes of an experiment is _______.
- What type of data represents characteristics or attributes?
- The sum of the squared loadings for a factor (i.e., the column in the factor matrix) which represents the variance in all the variables accounted for by the factor is known as _______ in factor analysis.