Learn about the Harmonic Mean, an important calculation used primarily for rates and ratios, including its definition, formula, applications, examples, and historical context.
The harmonic mean H of n numbers (x1,...,xn) is a measure of the average that is useful in specific circumstances, often where the average of rates is needed.
The mean is a measure of central tendency in statistics, widely used to determine the average of a set of numbers. This article explores different types of means, their applications, mathematical formulas, and historical context.
Explore the comprehensive definition, formula, applications, and detailed examples of the harmonic mean, a specialized type of numerical average used in finance and beyond.
