The harmonic mean is a type of average that is calculated by dividing the number of values in a dataset by the sum of the reciprocals of all the values. It's particularly useful when working with rates or speeds.
The formula for the harmonic mean (HM) is:
\[HM = \frac{n}{\sum_{i=1}^{n} \frac{1}{x_i}}\]
Where:
Let's calculate the harmonic mean for the dataset: 2, 4, 8
This scatter plot represents the example dataset (2, 4, 8). The red dashed line indicates the harmonic mean (approximately 3.43).
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