a finacial analysit tested whether the mean growth rates of small companies that recived covid19 relief lines exceeded the mean growth rates of small companies that did not recive covid19 relief loans. a finacial analysit tested wheather the mean growth rates of small companies that recived covid19 relief lones exceeded the mean growth rates of small companies that did not recive covid19 relief loans. The anaylist examand 36 small companies that received covid19 relif loans and 36 companies that did not recive covid19 relif loans. At random and assumed equal population variances. If the level of signicance equaled 0.01 and the calculated value for the assosiated test statistic equaled -2.5846, did the loan analasist conclude the mean growth rates of small companies that recived covid19 relif loans exeeded the mean growth rates of small companies that did not recive covid19 relif loans.
Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...
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