In which situation harmonic mean is used , what is the uses of harmonic mean ? ,
nisam M
CA Foundation
★ 9K+
01-Feb-21 00:41
19
Answers (3)
Harmonic mean is a type of average generally used for numbers that represent a rate or ratio. It is an appropriate average for averaging ratios and rates. The weighted harmonic mean is used in finance to average multiples like the price-earnings ratio