Arithmetic Mean, Geometric Mean and Harmonic Mean: Uncovered for Students and Finance Professionals

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Suppose you divide your sales target in 3 equal parts and plan to meet them at the rates of 80, 90 and 60 units/day respectively. But during execution, your sales rate was 70 units/day in the first part, 10 units/day lesser than the planned one. You decide to make up the deficit by increasing the sales rate in the second part by 10 units/day. Will it get you to the target within the planned time? The answer is NO. If you do the same in the third part of the target, you do better than the previously planned time. Why? The concepts involved are related to Arithmetic Mean, Geometric Mean and Harmonic Mean. This book discusses them in intuitive way. It is useful for anybody who wants to keep his reasoning right. Students and professionals in financial services will specially be benefited. Author of this book is a graduate from Indian Institute of Technology, Kharagpur with over 28 years of experience. He loves applying simple mathematical techniques in complex decision situations.
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Product Details

First Edition
June 19, 2013
File Format
File Size
134.74 KB

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Required Software Any ePub Reader
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Flowing Text
Printable? Yes
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