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BARSIC [14]
3 years ago
12

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
Mathematics
1 answer:
ANTONII [103]3 years ago
6 0

Answer:

The mean growth annual rate over this period is 0.0036

Step-by-step explanation:

we know that

The mean growth annual rate is calculated as the sum of each year's growth rate divided by the number of years

\frac{5.5\%+1.1\%-3.5\%-1.1\%+1.8\%}{5}=0.36\%

Convert to decimal form

0.36\%=0.36/100=0.0036

therefore

The mean growth annual rate over this period is 0.0036

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