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Commerce · Q430

Business Statistics and Research Methods

Graduate and Post Graduate · Commerce · question 430

Q430

During one year the ratio of prices of two commodities is 3, whereas during the next year it is 2. For averaging these ratio-

A.
arithmetic mean is most appropriate
B.
harmonic mean is most appropriate
C.
geometric mean is most appropriate
Answer
D.
all the three, arithmetic, harmonic and geometric means are equally appropriate

Answer: Option C

Solution

Answer: Option C
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