In 2008 there were 34 million pager subscribers. By 2018 the number of subscribers increased to 61 million. What is the geometric mean annual increase for the period? (Round the final answer to 2 decimal places.) Geometric mean annual increase for the period %
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Step 1: Calculate the geometric mean annual increase using the formula: \[ GM = \left( \frac{61}{34} \right)^{\frac{1}{10}} - 1 \] Show more…
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