How can the harmonic mean be useful in the analysis of rates?
- It gives more weight to larger rates
- It gives more weight to smaller rates
- It is not useful in analyzing rates
- It treats all rates equally
The harmonic mean is useful in the analysis of rates as it gives more weight to smaller values. This can be particularly useful when dealing with rates or ratios, for example, in calculating average speed. The harmonic mean is the reciprocal of the arithmetic mean of the reciprocals, making it a robust measure for rates.
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