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Harmonic Mean

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Routledge Dictionary of Economics, Second Edition

harmonic mean (C1)

This is calculated for a set of values by taking the ratio of the number of values to the sum of the reciprocals of each value. The harmonic mean of 5, 12 and 16 is 3 divided by 1/5+1/12+1/16.

See also: arithmetic mean; geometric mean

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