Which one of the following measures of central tendency is used in construction of index numbers?

Harmonic mean

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Geometric mean

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Median

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Mode

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Solution

The correct option is D Harmonic mean
Harmonic central tendency is used in construction of index numbers.

Because it is the reciprocals of the average of reciprocals of items in a series also If in averaging time rates, distance is constant, then Harmonic Mean is to be calculated.

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Similar questions

Give one example of a situation in which

(i) The mean is an appropriate measure of central tendency.

(ii) The mean is not an appropriate measure of central tendency but the median is an appropriate measure of central tendency.

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