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Descriptive Statisticshard
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An analyst is evaluating the average price-to-earnings (P/E) ratio of a portfolio consisting of three stocks. Stock A has a P/E of 101010 and represents 20%20\%20% of the portfolio's total value. Stock B has a P/E of 151515 and represents 50%50\%50% of the portfolio's total value. Stock C has a P/E of 252525 and represents 30%30\%30% of the portfolio's total value. Since P/E is a ratio with earnings in the denominator, what is the portfolio's average P/E ratio calculated using the weighted harmonic mean?