The following table shows sales for Nike (in $ millions) for the years 2011 through 2015. a.
Question:
The following table shows sales for Nike (in $ millions) for the years 2011 through 2015.
a. Use the growth rates for 2011–2012, 2012–2013, 2013–2014, and 2014–2015 to calculate the average growth rate.
b. Calculate the average growth rate directly from sales.
Transcribed Image Text:
Year 2011 2012 2013 2014 2015 23,331 25,313 Sales 20,117 27,799 30,601
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Business Statistics Communicating With Numbers
ISBN: 9781259957611
3rd Edition
Authors: Sanjiv Jaggia
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