Question
Revenue Growth Rate. Annual revenue for Corning Supplies grew by $5.5 \%$ in 2014 $1.1 \%$ in $2015 ;-3.5 \%$ in $2016 ;-1.1 \%$ in $2017 ;$ and $1.8 \%$ in $2018 .$ What is the mean growth annual rate over this period?
Step 1
The growth rates are 5.5\%, 1.1\%, -3.5\%, -1.1\%, and 1.8\%. So, the sum of the growth rates is $5.5 + 1.1 - 3.5 - 1.1 + 1.8 = 3.8$. Show more…
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Annual revenue for Corning Supplies grew by 5.5% in 2014; 1.1% in 2015; -3.5% in 2016; -1.1% in 2017; and 1.8% in 2018. What is the mean growth annual rate over this period? Round your answer to four decimal places. Do not round intermediate calculations.
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 annual growth rate over this period?
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