What are the different types of means?
The arithmetic mean is the most commonly used mean. It’s often simply called the mean or the average. But there are some other types of means you can calculate depending on your research purposes:
- Weighted mean: some values contribute more to the mean than others.
- Geometric mean: values are multiplied rather than summed up.
- Harmonic mean: reciprocals of values are used instead of the values themselves.