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Annual revenue for corning supplies grew by in ; in ; in ; in ; and in. What is the mean growth annual rate over this period? round your answer to four decimal places. Do not round intermediate calculations.

Respuesta :

okpalawalter8

We have that the the mean growth annual rate over this period is mathematically given as

GR=0.7152

Growth factor

Generally the Arithmetic equation for the Growth factor is mathematically given as

For 2007

GF2007=1+0.01(5.5)

GF2007=1.055

For 2008

GF2008=1+0.01(1.1)

GF2008=1.011

For 2009

GF2009=1+0.01(-3.5)

GF200=0.965

For 2010

GF2010=1+0.01(1.1)

GF2010=0.989

For 2011

GF2011=1+0.01(1.8)

GF2011=1.018

Therefore

The mean growth is

[tex]G\mu=\sqrt{1.8+0.989+0.965+1.018+1.011}\\\\G\mu=1.007152[/tex]

GR=1.007152-1*100

GR=0.7152

For more information on Growth visit

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Complete Question

Complete Question is attached below Annual revenue for Corning Supplies grew by 5.5% in 2007; 1.1% in 2008;-3.5% in 2009; -1.1% in 2010; and 1.8% in 2011. What is the mean growth annual rate over this period?Round your answer to four decimal places. Do not round intermediate calculations.

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