An analyst has data on wages for 100 individuals. The arithmetic mean of the log of wages is the same as:
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1 markStatisticsDescriptive statistics and dispersionGeometric and harmonic meansModerateabout 2 min
DSE 2013 Question 14: Descriptive statistics and dispersion
Answer and worked solution
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Descriptive statistics and dispersion has come up 117 times in 6 exams since 2004.
What this question tests
This question is on Geometric and harmonic means, part of Descriptive statistics and dispersion in Statistics.
Averages for rates, ratios and growth, and how they compare with the arithmetic mean.
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Question from the DSE 2013 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.