Types of Mean
The "mean" is a measure of central tendency. There are several types of mean, each useful in different contexts.
Arithmetic Mean
AM = (x₁ + x₂ + ... + xₙ) / n
Geometric Mean
GM = ⁿ√(x₁ × x₂ × ... × xₙ)
Harmonic Mean
HM = n / (1/x₁ + 1/x₂ + ... + 1/xₙ)
For any dataset: HM ≤ GM ≤ AM (AM-GM-HM inequality)