Question: 3. The sales data in the table below is for Vestas Wind Systems and is in millions of euros. Calculate the simple or arithmetic average

3. The sales data in the table below is for Vestas Wind Systems and is in millions of euros. Calculate the simple or arithmetic average growth rate for sales between 2010 and 2021.

Year

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

Revenue

15,587

14,819

12,147

10,134

9,953

10,237

8,423

6,910

6,084

7,216

5,836

6,920

a. 20.48% b. 11.53% c. 8.67% d. 3.42% e. 2.52%

4. Calculate the compound or geometric average growth rate for sales for the period from 2010 and 2021.

a. 11.53% b. 13.87% c. 9.42% d. 8.67% e. 7.66%

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