If 10% is added to each value of variable, the geometric mean of new variable is added by_______________?
Correct answer: B. 10%
- A. 5%
- B. 10%
- C. No Change
- D. 110%
- E. 90%
Explanation
Multiplying every observation by 1.10 multiplies the geometric mean by 1.10 as well. Hence the new geometric mean is 110% of the old one, an increase of 10%.
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