The geometric mean is a type of average that is useful for sets of numbers with different ranges. It's calculated by multiplying all numbers in a set and then taking the nth root of the product, where n is the count of numbers.
The formula for the geometric mean (GM) is:
\[GM = \sqrt[n]{x_1 \times x_2 \times \cdots \times x_n}\]
Where:
Let's calculate the geometric mean for the dataset: 2, 8, 32
This logarithmic scale plot represents the example dataset. The red dashed line indicates the geometric mean (8).
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