
Concept explainers
State whether the statement “Eleven and 17 are two Geometric means between 5 and 23 in the sequence 5, 11, 17, 23 “is true or false.

Answer to Problem 9SGR
This is a false statement, arithmetic sequence.
Explanation of Solution
Given:
Eleven and 17 are two Geometric means between 5 and 23 in the sequence 5, 11, 17, 23
Concept Used:
The geometric mean differs from the arithmetic average, or arithmetic mean, in how it is calculated because it takes into account the compounding that occurs from period to period. Because of this, investors usually consider the geometric mean a more accurate measure of returns than the arithmetic mean.
Eleven and 17 are two arithmetic means between 5 and 23 in the sequence 5, 11, 17, 23
Thus, this is a false statement, arithmetic sequence.
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