Geometric Mean Calculator

Calculate the geometric mean of a set of values.

Frequently Asked Questions (FAQs):

1. What is the geometric mean, and why is it important?
   • The geometric mean is a measure of central tendency used to summarize data with multiplicative growth or exponential change. It’s important in various fields for representing average growth rates and compound interest calculations.
2. What is the formula for calculating the geometric mean?
   • The formula for calculating the geometric mean of a dataset with n values, denoted as x₁, x₂, …, xₙ, is:
   
   • Where n is the number of values in the dataset.
3. How do I interpret geometric mean values?
   • Geometric mean represents the average rate of multiplicative growth. It’s suitable for datasets with values that exhibit exponential changes, like investment returns or population growth. Unlike arithmetic mean, geometric mean is less affected by extreme values.