Table of Contents
Arithmetic Mean in Statistics
The arithmetic mean (average) is the most common type of average and simply refers to the sum of a set of numbers divided by the number of numbers in the set.
Define Arithmetic Mean
The arithmetic mean is the most common type of average, which is calculated by adding up a set of numbers and dividing by the number of items in the set.
Arithmetic Mean Calculator
The arithmetic mean of a set of numbers is the sum of the numbers divided by the number of numbers in the set. The arithmetic mean calculator finds the arithmetic mean of a set of numbers.
Define Geometric Mean
The geometric mean is a type of average that is used when you want to find the average of a series of numbers that are all different from each other.
Geometric Mean Calculator
The geometric mean is a mathematical calculation that finds the average of a series of numbers by using the product of the numbers instead of the sum. This calculation is most often used when calculating rates of return or growth.
To calculate the geometric mean, multiply the numbers together and then take the square root of the result.
Define Arithmetic Progression
An arithmetic progression is a sequence of numbers in which each term is the sum of the previous two terms.
Geometric Series Definition
A geometric series is a series of numbers in which each number is the product of the previous two numbers in the series.
