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
1 answer:
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
Convert to decimal form
therefore
The mean growth annual rate over this period is 0.0036
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